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AMIS Market Monitor

last release: April 2017

Supply & Demand

2016/17

2017/18

estimate

f'cast 6 Apr

Production

1038

1051

Supply

1256

1269

Utilization

1038

1055

Trade

137

134

Ending Stocks

218

214

in million tonnes

  • Maize production in 2017 is tentatively put at 1.2 percent above last year, largely on bigger harvests in Argentina, Brazil and South Africa more than offsetting a sharp fall in the US.
  • Utilization to grow by 1.6 percent in 2017/18 with most of the increase driven by higher feed use in Asia and South America.
  • Trade in 2017/18 (July/June) is likely to contract by 2.0 percent, mostly on lower imports in southern Africa. A fall in shipments from the US largely exceeds the rise in exports from Argentina, Brazil and South Africa.  
  • Stocks (ending in 2018) falling by 4.0 percent on declining inventories in China and the US but higher carryovers are expected in the EU and South America.