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AMIS Market Monitor

last release: October 2020

Supply & Demand

2019/20

2020/21 

estimate

3 Sep

8 Oct

Production

1138.0

1182.1

1170.8

Supply

1498.5

1544.5

1527.4

Utilization

1139.7

1173.4

1167.7

Trade

172.0

173.5

176.0

Ending Stocks

356.6

366.4

356.6

in million tonnes

  • Maize 2020 production forecast cut by 11.3 million tonnes (1.0 percent) m/m on less favourable prospects, mostly in Europe.
  • Utilization in 2020/21 lowered on weaker growth of feed and industrial use, especially in the EU and the US, but still 28.0 million tonnes (2.5 percent) above last year’s level.
  • Trade forecast for 2020/21 (July/June) scaled up, reflecting stronger import demand in the EU along with a faster pace in shipments from the US.
  • Stocks (ending 2021) forecast to remain near opening levels following a 9.8 million tonne cut m/m mainly on downward revisions to US opening stocks, as well as reductions to EU and China stocks.