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Posted on 19/12/2019
World Production
World Corn production for the 2019-20 season, which began on September 1, 2019, is estimated at 1108.62 Mio Tons, +0.6% from November outlook.
Production is expected to decrease by 1.4% compared to the previous season.
The two main world producers of Corn have opposite trends: a lower production is expected for United States (-5.3%), partially offset by higher expectations for China (+1.3%), reflecting increases to both cultivated area and yield. Corn production forecast is unchanged for Brazil and slightly higher for the EU-28 (+0.5%).
U.S. ethanol production is expected to be higher for the months of November and December.
Global Export
World Corn exports for the 2019-20 season are expected at 166.51 Mio Tons, -7.6% compared to the 2018-19 season, lower from the record level anticipated in the recent forecasts. A decrease in exports is estimated for the 4 main players (United States, Brazil, Argentina and Ukraine), with an overall reduction of 8.3%.
Global Import
The European Union, the main Corn importer, should reduce its purchases (-16.7%). The growing trend of imports continues for Mexico (+4.8%) and Vietnam (+12.7%), which now ranks 4th among the global. World Corn imports are expected higher (+2.9%) for the 2019-20 season.
Italian Import
Italy for the period January-September 2019 increased its imports of Corn by 11.4%. Italian imports from Hungary, Slovenia, Romania and Croatia, are growing sharply, with an overall variation of +43.8%; Ukraina, instead, has reduced its exports towards Italy.
Dairy Farms Performance and Competitiveness
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