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AMIS Market Monitor

last release: July 2018

Supply & Demand

2017/18

2018/19 forecast

estimate

7 Jun

5 Jul

Production

1,091.0

1,046.5

1,044.7

Supply

1,388.8

1,356.2

1,307.1

Utilization

1,069.0

1,090.0

1,091.5

Trade

149.0

147.0

148.7

Ending Stocks

309.9

262.4

260.3

in million tonnes

  • Maize production in 2018 to fall by over 4 percent from last year’s record volume on shrinking harvests in several countries, in particular Argentina, Brazil and the US.
  • Utilization up sharply from the previous season and now raised even further on projected stronger increase in industrial use (starch and biofuels), mostly in China.
  • Trade forecast for 2018/19 (July/June) lifted m/m, reflecting much stronger import prospects by several countries in Asia.
  • Stocks (ending in 2019) revised down, now lowest in five years, with further drawdowns in Ukraine and the US.