World production
World Corn production for the 2019-20 season, which began on September 1, 2019, is estimated at 1104.01 Mio Tons, lower from the record level anticipated in the recent forecasts.
Production is expected to decrease by 1.7% compared to the previous season, reflecting lower production in the United States (due to a decline in harvested area) and China, the main world producers. Corn production is forecast unchanged for Brazil and slightly higher for the EU-28 (+0.9%).
U.S. Corn used for ethanol is lower based on weekly production data as reported by the Energy Information Administration.
Global export
World Corn exports for the 2019-20 season are expected at 169.9 Mio Tons (-6.3% compared to the 2018-19 season). A decrease in exports is estimated for the 4 main players (United States, Brazil, Argentina and Ukraine), which account for 87% of the market share.
Global import
The European Union, the main importer of Corn, in the new 2019-20 season should reduce its purchases (-15.3%).
The growing trend of Mexican imports continues (+ 4.8%).
Italian import
Data for the first seven months of 2019 of Italian imports of Corn recorded an overall increase of +9.5% y-o-y and showed strong growth from Hungary (+13.9%) and Slovenia (+273.4%), which more than offset a decrease in volumes imported from Ukraine (-13.6%).
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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.
