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AMIS Market Monitor

last release: May 2017

Supply & Demand

2016/17

2017/18 forecast

estimate

6 Apr

4 May

Production

 1,040.5 

1,050.8

1,054.1

Supply

 1,261.9 

1,274.9

1,278.2

Utilization

1,035.3

1,054.9 

1,058.6

Trade

137.9

134.0

135.0

Ending Stocks

224.1

206.8

214.4

in million tonnes

  • Maize production expectations for 2017 improved, now 1.3 percent above the 2016 level; boosted by bumper crops in southern hemisphere countries. 
  • Utilization to expand by 2.2 percent in 2017/18, supported by a strong expansion in feed use, mostly in China and South America.
  • Trade in 2017/18 (July/June) to fall below the 2016/17 level as smaller imports by Brazil and several countries in southern Africa are seen to more than offset larger imports by the EU and several Asian countries.
  • Stocks (ending in 2018) raised sharply (by 7.6 million tonnes) since last month mostly on upward historical adjustments to inventory levels in China.