In the ministerial agreement no. 046 officially announced that by December 2023, the minimum support price for a quintal of hard yellow corn with 13% moisture and 1% impurities will be $16.33. This value was determined between producers and industrialists at the Advisory Council of this chain on June 7, but on June 23 the agreement was officially made official.

By formalizing the minimum support price for hard corn, the state will be able to regulate, control and, if necessary, intervene in situations that contradict the Ministerial Agreement, as well as sanction speculative mediation that affects the national market.

Following an agreement between the industry and producers, the Ministry of Agriculture and Livestock has set the minimum support price for a quintal of hard yellow maize at USD 16.33

With this regulation, the Ministry of Agriculture and Livestock wants to shape a price policy aimed at protecting domestic production and the interests of small and medium-sized producers, according to the press release.

Likewise, it indicates that this state portfolio will coordinate the implementation of controls in order to respect the minimum price support of a quintal of hard corn and to avoid speculation affecting consumers.

“Through the advisory councils, we know all the edges of corn production and commercialization and establish minimum support prices that adapt to the reality of small producers and the industry,” said MAG head Eduardo Izaguirre.

Hard yellow corn is a raw material for the preparation of balanced animal feed, which is required by the industry dedicated to the production of animal proteins such as chicken, pork and eggs.