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Posted on 17/04/2019
Global Corn production for the 2018-19 season is estimated at 1107.4 Mio Tons, higher than the previous forecasts and +2.9% from last season. Brazil Corn production is raised, reflecting improved yield prospects for second-crop corn. Argentina corn is higher based on expectations of larger area.
For the United States, the largest Corn producer in the world, production is expected at 366.3 Mio Tons (-1.3% compared to the previous season) and Corn used to produce ethanol is lowered.
TESEO.clal.it – U.S. Ethanol production
In 2018 the United States increased exports to all the main purchasing countries: Mexico, Japan, South Korea, Colombia and Taiwan. Forecasts for the season (September 2018 – August 2019) show a weakening of US exports, reflecting competition from Brazil, Argentina and Ukraine.
The EU-28 is the main Corn importer and is increasingly dependent on imports from extra-EU countries. In 2018 the EU imported 21.7 Mio Tons of Corn, and exported 2.2 Mio Tons. The trade balance therefore shows -19.5 Mio Tons in 2018, while in 2017 it was -14.6 Mio Tons.
EU Corn imports grew by +32.4% in 2018 compared to 2017. 52% of the Corn comes from Ukraine, which exported to the EU 11.4 Mio Tons (+32.8%). Brazil, with a 22% share, is the second supplier (4.8 Mio Tons, +12.5%). European imports from the United States and Canada, third and fourth suppliers, have doubled compared to 2017.
TESEO.clal.it – Global Corn Exporters
TESEO.clal.it – EU Corn Imports
Source: USDA, IHS, ISTAT
Dairy Farms Performance and Competitiveness