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AMIS Market Monitor

last release: December 2020

Supply & Demand

2019/20

2020/21 

estimate

5 Nov

3 Dec

Production

1138.2

1160.3

1154.8

Supply

1499.5

1515.1

1509.6

Utilization

1143.2

1168.5

1169.2

Trade

174.0

179.8

182.5

Ending Stocks

354.8

345.8

335.5

in million tonnes

  • Maize 2020 production forecast to reach an all-time high in spite of this month’s sharp downgrading of output in the US, as well as in Ukraine.
  • Utilization in 2020/21 to expand slightly faster than earlier anticipated, supported by firmer feed demand, especially in China.
  • Trade forecast for 2020/21 (July/June) scaled up further, reflecting even faster pace in purchases by China.
  • Stocks (ending 2021) cut by 10 million tonnes, now 19 million tonnes below their opening level, with most of the m/m decrease in the US where inventories are set to fall to their lowest level since 2013/14.