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AMIS Market Monitor

last release: Nov 2017

Supply & Demand

2016/17

2017/18 forecast

estimate

5 Oct

2 Nov

Production

1,040.7

1,064.5 

1,063.6 

Supply

1,266.3

1,300.1 

1,299.8 

Utilization

1,034.6 

1,055.2 

1,056.1 

Trade

139.8 

143.0 

143.9 

Ending Stocks

236.2 

236.6 

236.7 

in million tonnes

  • Maize production in 2017 to reach an all-time high, supported by bumper crops in South America and southern Africa.
  • Utilization in 2017/18 raised on expectation of slightly higher feed use, especially in Thailand and the US.
  • Trade in 2017/18 (July/June) to hit a new high, up 3 percent from the previous season’s record, sustained by stronger demand from the EU, Mexico and several Asian countries.
  • Stocks (ending in 2018) to remain steady with build-ups in South America and Africa offsetting drawdowns in Asia and Europe.