World production
World Corn production for the 2019-20 season, which will begin on September 1, 2019, is estimated at the record level of 1133.78 Mio Tons, +1.3% compared to the current 2018-19 season. With a decrease in initial stocks and an increase in total use, final stocks are estimated at 314.71 Mio Tons (-3.4% y-o-y).
Corn production forecasts in the main countries estimate higher crops in the United States, Brazil and the EU-28, the first, third and fourth Country Producers respectively. Corn production in China, on the other hand, is expected to slow (1.3%).
Global export
In the 2018-19 season, world corn exports are up sharply: +14.5%, according to estimates at 31 August 2019, in view of significant growth for Brazil, Argentina and Ukraine. Stability is expected for the new season (+ 0.8%).
Increased exports out of Argentina and Brazil during 2018-19 are expected to limit U.S. exports during the first half of 2019-20.
Global import
Exports are mainly oriented to Mexico, South Korea, Vietnam and Iran. The European Union, the main importer of Corn, in the new 2019-20 season should reduce purchases (-14.9%).
Italian import
Data for the first two months of 2019 of Italian imports of Corn recorded an overall increase of +4.6% y-o-y and showed strong growth from Croatia, Slovenia and Hungary, which more than offset a decrease in volumes imported from Ukraine and Romania.
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The CLAL.it team is composed of young people who with the help of Computer Science study the dairy market and develop tools to provide the Operators of the dairy sector with a comprehensive real-time view of the national and international market trends.
