last release: 7 March 2024
Supply & Demand
2022/23 | 2023/24 | ||
---|---|---|---|
estimate | 1 Feb | 7 Mar | |
Production | 1171.3 | 1229.4 | 1233.0 |
Supply | 1477.8 | 1513.9 | 1517.1 |
Utilization | 1189.1 | 1205.5 | 1206.3 |
Trade | 183.2 | 186.1 | 189.2 |
Ending Stocks | 285.5 | 315.2 | 317.2 |
in million tonnes |
- Maize 2023 production raised m/m, mostly on a higher estimate for Ukraine, and now 5.3 percent above the 2022 level.
- Utilization in 2023/24 scaled up slightly this month on higher feed use, especially in Algeria and India, and now standing 1.4 percent above 2022/23 level.
- Trade in 2023/24 (July/June) set to increase by 3.3 percent from 2022/23 following an upward revision on further upgrades for demand from China and exports from Ukraine.
- Stocks (ending in 2024) lifted m/m, mostly reflecting larger inventories seen in China, and reaching 11.1 percent above opening levels.