Supply & Demand - Maize
last release: 4 April 2024
2022/23 | 2023/24 | ||
|---|---|---|---|
estimate | 7 Mar | 4 Apr | |
Production | 1171.0 | 1233.0 | 1234.4 |
Supply | 1477.5 | 1517.1 | 1520.9 |
Utilization | 1187.3 | 1206.3 | 1208.3 |
Trade | 183.2 | 189.2 | 189.2 |
Ending Stocks | 286.6 | 317.2 | 316.2 |
in million tonnes | |||
- Maize 2023 production set to exceed the 2022 level by 5.4 percent following a further upward revision with larger estimates for Argentina and the EU.
- Utilization in 2023/24 raised on higher feed use, especially in Mexico and Saudi Arabia, and other uses, and now 1.8 percent above the 2022/23 level.
- Trade in 2023/24 (July/June) likely to increase by 3.3 percent above the 2022/23 level and unchanged m/m as a downward revision to the EU imports was offset by larger purchases by Mexico, Saudi Arabia, and the UK.
- Stocks (ending in 2024) scaled down, mostly in Argentina, the EU, and Mexico, but still expected 10.3 percent above opening levels.