International Grains Council
  MAIZE


million tons            
12/1313/1414/1515/16
   est.forecastprojected
     30.0727.08
MAIZE
Production 8669971003966968
Trade 100122125123126
Consumption 863950978972972
Carryover stocks  131178202195198
year/year change 34724 -4
Major exporters a) 3351665458

(27 Aug 2015)
MAIZE (CORN):

OUTLOOK FOR 2015/16

  • Despite damage from drought in Europe, the world production forecast is increased by 2m t from before, with US crop prospects more favourable.

  • Given slightly tighter availabilities in some countries, overall consumption is forecast to dip slightly, to 972m t, with feed use down 1% y/y.

  • Led by a sharp increase in EU imports, world trade is forecast to reach new highs. Amid large supplies, strong demand and a weak real, Brazil’s exporters will increase market share.

  • Global stocks appear comfortable and are forecast close to 200m t for a second successive year.



Supply & Demand Graph



TABLES


Supply & demand: maize


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