last release: 8 November 2024
Supply & Demand
2023/24 | 2024/25 | ||
|---|---|---|---|
estimate | 4 Oct | 8 Nov | |
Production | 1242.4 | 1223.2 | 1220.6 |
Supply | 1529.4 | 1528.6 | 1524.8 |
Utilization | 1219.7 | 1228.3 | 1228.1 |
Trade | 198.4 | 189.1 | 187.8 |
Ending Stocks | 304.2 | 309.6 | 306.0 |
in million tonnes | |||
- Maize production forecast for 2024 revised down mostly on lower expected outputs in Nigeria, Russian Federation, and Ukraine, further deepening the anticipated decline from the 2023 level.
- Utilization in 2024/25 nearly unchanged this month and still forecast to rise slightly above the 2023/24 level driven by an increase in feed use.
- Trade in 2024/25 (July/June) lowered slightly and still headed for a contraction from 2023/24 largely reflecting a decrease in purchases by China and exports from Brazil and Ukraine.
- Stocks (ending in 2025) cut m/m with downward revisions in Brazil, China, and the US, but still forecast to rise slightly above opening levels.