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AMIS Market Monitor

last release: July 2017

Supply & Demand

2016/17

2017/18 forecast

estimate

8 June

6 July

Production

1038.9

1054.0

1057.9

Supply

1262.6

1282.7

1289.4

Utilization

1034.0

1054.8

1055.4

Trade

139.0

136.8

140.0

Ending Stocks

231.5

220.4

225.7

in million tonnes

  • Maize production in 2018 set to exceed the 2017 peak following record outputs in Argentina, Brazil and South Africa; the latest forecast is higher than in May, mostly reflecting upward revisions in the US. 
  • Utilization in 2017/18 could rise 2.1 percent from 2016/17 on expectations of firmer demand for feed and industrial use.
  • Trade forecast for 2017/18 (July/June) lifted significantly m/m, reflecting stronger import demand in the face of ample export supplies.
  • Stocks (ending in 2018) falling by less than forecast last month on upward revisions in China and the US.