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last release: April 2016

Supply & Demand


From previous season





 Easing        Neutral        Tightening


The FAO-AMIS first forecasts for wheat, rice and maize supply and demand in 2016/17 suggest another season of large availabilities and continuing slow growing consumption. However, with wheat production in 2016 projected to decline below the 2015 record and to fall short of utilization in 2016/17, global inventories will need to be drawn down. Maize and rice stocks, while remaining large, are also anticipated to end lower in 2017. The outlook for soybeans markets in 2015/16 has improved since the previous report, supported by more buoyant production forecasts in South America, which would boost world inventories to a new record.