AMIS Global Market Outlook 2017/18 Wheat & Maize 2017 China Agricultural Conference Beijing April 2017

Size: px
Start display at page:

Download "AMIS Global Market Outlook 2017/18 Wheat & Maize 2017 China Agricultural Conference Beijing April 2017"

Transcription

1 17 17 AO 17AO 17AO AMIS Global Market Outlook 17/18 Wheat & Maize AO 17AO 17AO 17 hina Agricultural onference Beijing -21 April 17 AO 17AO 17AO AO 17AO 17AO Abdolreza Abbassian Senior Economist & AMIS Secretary Trade and Markets Division Food and Agricultural Organization of the United Nations 17 hina Agricultural Outlook onference, Beijing, -21 April l 17

2 17 17 AO 17AO 17AO I. AMIS at a glance II. Macro conditions Presentation Outline AO 17AO 17AO AO 17AO 17AO III. Wheat: 17/18 world supply & demand outlook IV. Maize: 17/18 world supply & demand outlook AO 17AO 17AO 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 2

3 17 17 AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO 17 hina Agricultural Outlook onference, Beijing, -21 April l 17

4 17 17 AO 17AO 17AO Global overage AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 4

5 17 17 AO 17AO 17AO AMIS participants account for the bulk of world production AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 5

6 17 17 AMIS Market Information & Reports AO 17AO 17AO Data access and comparison across sources on AMIS website AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO Latest forecasts from USDA, IG and AMIS published monthly in AMIS Market Monitor (47 editions published) 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 6

7 17 17 Oil prices remain relatively subdued AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 7

8 17 17 Maize-based ethanol still attractive AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO US ethanol production well above its mandate US ethanol price in March 17 averaged $1.40 per gallon up from $1.30 gallon in March hina Agricultural Outlook onference, Beijing, -21 April l 17 8

9 17 17 AO 17AO 17AO U.S. dollar loses more ground but currencies of several AMIS countries have fallen sharply since last year AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 9

10 17 17 In March the FAO Food Price Index was down 2.8% from February but still 13.4% above last year AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 10

11 17 17 AO 17AO 17AO Food commodity prices well below their peaks cereals down 45%! AO 17AO 17AO Food Prices Indices Peak values March 17 hange: March 17 over peak values % FAO Food Price Index Feb ereals June Oils Feb Sugar Jan Meat Aug Dairy Feb AO 17AO 17AO AO 17AO 17AO Source: FAO 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 11

12 17 17 AO 17AO 17AO AMIS-FAO World ereal Market Outlook 17/18 AO 17AO 17AO 15/ 16 16/ 17 17/ 18 hang e: / 18 o ver / 17 estim. f'cast million tonnes % P ro ductio n AO 17AO 17AO Supply Utilizatio n T rade Ending sto cks percent Wo rld sto ck-to - use ratio (%) M ajo r expo rters sto ck-to - disappearance ratio (%) AO 17AO 17AO 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 12

13 17 17 AO 17AO 17AO World Rice Supply Demand Outlook AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO Source: FAO 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 13

14 17 17 AO 17AO 17AO Rice: latest forecasts across sources AO 17AO 17AO AO 17AO 17AO Source: AMIS Market Monitor- No.47- April 17 Large discrepancies in stocks estimates across sources, mostly because of large difference in production figures for selected Asian countries and uncertainty over the level of stocks in hina. Rice major exporters stocks are likely to shrink to a multi-year low (Thailand and the US in particular) so if production falls short of current projections, the rice market could become tighter AO 17AO 17AO hina Agricultural Outlook onference, Beijing, -21 April l 17 14

15 17 17 World Wheat Supply Demand Outlook AO 17AO 17AO AO 17AO 17AO 15/ 16 16/ 17 17/ 18 estim. f'cast million to nnes hang e: / 18 o ver / 17 P ro ductio n Supply Utilizatio n AO 17AO 17AO T rade Ending sto cks percent Wo rld sto ck-to - use ratio (%) M ajo r expo rters sto ck-to - disappearance ratio (%) AO 17AO 17AO % 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 15

16 17 17 Wheat: latest forecasts across sources AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO Source: AMIS Market Monitor- No.47- April 17 AO 17AO 17AO Main differences are in India and hina where AMIS forecasts higher buildups of inventories and in the US, where AMIS predicts lower drawdowns than the IG. 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 16

17 17 In the northern hemisphere, winter wheat is emerging from dormancy in the main production areas and conditions are generally favourable at this early stage of the season. In the US, conditions are mixed as dryness has developed in the primary growing area of the southern Great Plains. 17 Wheat rop onditions AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 Source: rop Monitor, GEOGLAM-AMIS 17

18 17 17 AO 17AO 17AO Selected countries: wheat area AO 17AO 17AO 15/ 16 16/ 17 17/ 18 estim. f'cast 000 ha hang e: / 18 o ver / 17 AO 17AO 17AO A ustralia % anada % US A % Kazakhstan % R ussian F % AO 17AO 17AO Ukraine % EU % % 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 18

19 17 17 Wheat Production 1/ AO 17AO 17AO hange: estim. f'cast 17 over 16 million tonnes European Union hina (Mainland) India Russian Federation United States anada Pakistan Ukraine Australia Turkey Kazakhstan Argentina Iran Islamic Rep. of Egypt Other countries AO 17AO 17AO AO 17AO 17AO World AO 17AO 17AO 1/ ountries listed according to their position in global production (average 14-16). % 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 19

20 17 17 AO 17AO 17AO World Wheat Trade Down 2.3% in 17/18 Selected wheat importers Major wheat exporters AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO Lower imports by hina and India to push global trade down in 17/18 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 US and Australia to export less but larger exports from EU and Argentina

21 17 17 hina: Wheat Supply-Demand Balance 09/10-17/18 AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 21

22 17 17 AO 17AO 17AO IG Wheat Price Index Wheat Prices BOT wheat futures September delivery AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 22

23 17 Wheat Forward urves & Investment Flows Forward urves 17 AO 17AO 17AO FT ommitments of Traders AO 17AO 17AO AO 17AO 17AO Forward curves maintain their upward sloping structures (contango), indicating ample supplies into the new season In March managed money added contracts to its net short position. AO 17AO 17AO 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 23

24 17 17 World Maize Supply Demand Outlook AO 17AO 17AO AO 17AO 17AO 15/ 16 16/ 17 17/ 18 estim. f'cast million tonnes hang e: / 18 o ver / 17 P ro ductio n Supply Utilizatio n AO 17AO 17AO T rade Ending sto cks percent Wo rld sto ck-to - use ratio (%) M ajo r expo rters sto ck-to - disappearance ratio (%) AO 17AO 17AO % 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 24

25 17 17 Maize: latest forecasts across sources AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO Source: AMIS Market Monitor- No.47- April 17 AO 17AO 17AO Estimates and forecasts may differ across sources for many reasons, including different methodologies and in particular, the allocation of crops in the southern hemisphere to a particular marketing season. 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 25

26 17 Overall conditions in the southern hemisphere are favourable with very good production prospects. In Brazil, spring planted crops are being harvested under exceptional conditions with increased production prospects. The summer (larger) planted crop is under favourable conditions. In Argentina, harvesting has begun under favourable conditions. In South Africa, conditions are very good and production is expected to be above-average. In the northern hemisphere, maize is mostly out of season. 17 Maize crop conditions AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 Source: rop Monitor, GEOGLAM-AMIS 26

27 17 17 Maize Production 1/ AO 17AO 17AO Maize production: leading producers1/ hange: estim. f'cast 17 over 16 AO 17AO 17AO million tonnes United States hina (Mainland) Brazil European Union Argentina Ukraine Mexico India Indonesia Russian Federation anada Nigeria Philippines Egypt Ethiopia Other countries AO 17AO 17AO AO 17AO 17AO World / ountries listed according to their position in global production (average 14-16). % 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 27

28 17 17 AO 17AO 17AO Global Maize Stocks To Decline in 17/18 AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 28

29 17 17 World Maize Trade Down 2% in 17/18 AO 17AO 17AO Imports: declining due to smaller purchases mainly in southern Africa Exports: down sharply in the US but higher shipments projected for Argentina and Brazil AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 29

30 17 17 hina - Maize Supply Demand Balance 09/10-17/18 AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 30

31 17 17 IG Maize Price Index Maize Prices AO 17AO 17AO BOT maize futures December delivery AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 31

32 17 Forward urves 17 Maize Forward urves & Investment Flows AO 17AO 17AO FT ommitments of Traders AO 17AO 17AO AO 17AO 17AO Forward curves maintain their upward sloping structures (contango), indicating ample supplies into the new season. Managed money made its second directional change since the New Year, this time reversing its net long to a net short stance as it sold about contracts (30 million tonnes) m/m. AO 17AO 17AO 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 32

33 17 17 AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO Source: AMIS Market Monitor- No.47- April 17 AO 17AO 17AO Weather/plantings Geopolitical risks Exchange rates, oil prices, etc. 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 33

34 17 17 AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO AO 17AO 17AO 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 34

35 17 17 AO 17AO 17AO Thank you for your attention AO 17AO 17AO ontact details: AO 17AO 17AO Tel: AO 17AO 17AO 17 hina Agricultural Outlook onference, Beijing, -21 April l 17 35

THE SOUTH AFRICAN GRAIN MARKETS QUARTERLY EARLY WARNING REPORT NO. 02 OF 2013

THE SOUTH AFRICAN GRAIN MARKETS QUARTERLY EARLY WARNING REPORT NO. 02 OF 2013 THE SOUTH AFRICAN GRAIN MARKETS QUARTERLY EARLY WARNING REPORT 1. SUMMARY NO. 02 OF 2013 The domestic closing stocks for maize in the current season are expected to decline by about 40.94% on the back

More information

Seventh Multi-year Expert Meeting on Commodities and Development April 2015 Geneva

Seventh Multi-year Expert Meeting on Commodities and Development April 2015 Geneva Seventh Multi-year Expert Meeting on Commodities and Development 15-16 April 2015 Geneva Recent Developments in Global Commodity Markets By Georges Rapsomanikis Senior Economist in the Trade and Markets

More information

Agriculture Commodity Markets & Trends

Agriculture Commodity Markets & Trends Agriculture Commodity Markets & Trends Agenda Short History of Agriculture Commodities US & World Supply and Demand Commodity Prices Continuous Charts What is Contango and Backwardation Barge, Truck and

More information

Contents. No. 54 December Markets at a glance

Contents. No. 54 December Markets at a glance Contents World supply-demand outlook 1 Crop monitor 3 Policy developments 6 International prices 8 Futures markets 10 Market indicators 11 Monthly US ethanol update 13 Fertilizer outlook 14 Explanatory

More information

Wheat Year in Review (International): Low 2007/08 Stocks and Higher Prices Drive Outlook

Wheat Year in Review (International): Low 2007/08 Stocks and Higher Prices Drive Outlook United States Department of Agriculture WHS-2008-01 May 2008 A Report from the Economic Research Service Wheat Year in Review (International): Low 2007/08 Stocks and Higher Prices Drive Outlook www.ers.usda.gov

More information

Food Outlook Global Market Analysis

Food Outlook Global Market Analysis Food Outlook Global Market Analysis May 2012 ISSN 1560-8182 HIGHLIGHTS Global food prices seem to have stabilized at a relatively high level of around 214 points as measured by the FAO Food Price Index.

More information

April 9, Dear Subscriber:

April 9, Dear Subscriber: April 9, 2014 Dear Subscriber: We will be adding material to this shell letter after the report is released on April 9, 2014 at 11:00 a.m CST. Be sure to click back on the link often for the latest information.

More information

ISSN Food Outlook BIANNUAL REPORT ON GLOBAL FOOD MARKETS

ISSN Food Outlook BIANNUAL REPORT ON GLOBAL FOOD MARKETS ISSN 1560-8182 Food Outlook BIANNUAL REPORT ON GLOBAL FOOD MARKETS June 2013 The FAO Food Outlook Team is pleased to present this new edition of Food Outlook which incorporates many improvements, including

More information

Rice Outlook and Baseline Projections. University of Arkansas Webinar Series February 13, 2015 Nathan Childs, Economic Research Service, USDA

Rice Outlook and Baseline Projections. University of Arkansas Webinar Series February 13, 2015 Nathan Childs, Economic Research Service, USDA Rice Outlook and Baseline Projections University of Arkansas Webinar Series February 13, 2015 Nathan Childs, Economic Research Service, USDA THE GLOBAL RICE MARKET PART 1 The 2014/15 Global Rice Market:

More information

AMIS 2014 progress and on-going work

AMIS 2014 progress and on-going work AMIS 2014 progress and on-going work François Fonteneau, FAO / ESS 2 nd Joint Workshop on Rice Data for Thailand and the Philippines 3-4 December, Manila 1 Outline 1. AMIS background 2. 2014 Highlights

More information

THE SOUTH AFRICAN GRAIN MARKETS QUARTERLY EARLY WARNING REPORT NO. 01 OF 2013

THE SOUTH AFRICAN GRAIN MARKETS QUARTERLY EARLY WARNING REPORT NO. 01 OF 2013 THE SOUTH AFRICAN GRAIN MARKETS QUARTERLY EARLY WARNING REPORT 1. SUMMARY NO. 01 OF 2013 The domestic closing stocks for maize in the current season are expected to contract by about 21.39% on the back

More information

ISSN Food Outlook BIANNUAL REPORT ON GLOBAL FOOD MARKETS

ISSN Food Outlook BIANNUAL REPORT ON GLOBAL FOOD MARKETS ISSN 0251-1959 Food Outlook BIANNUAL REPORT ON GLOBAL FOOD MARKETS October 2015 The designations employed and the presentation of material in this information product do not imply the expression of any

More information

Milk and Milk Products: Price and Trade Update

Milk and Milk Products: Price and Trade Update Milk and Milk Products: Price and Trade Update International dairy prices December 2017 1 The FAO Dairy Price Index d 204.2 points in November, up 11.2 points (5.8 percent) from January 2017. At this level,

More information

STATISTICS ON WORLD PRODUCTION, EXPORT, IMPORT, PRICES AND UTILIZATION OF RICE: REPORT COMPILED BY: IQRA JUNEJO

STATISTICS ON WORLD PRODUCTION, EXPORT, IMPORT, PRICES AND UTILIZATION OF RICE: REPORT COMPILED BY: IQRA JUNEJO STATISTICS ON WORLD PRODUCTION, EXPORT, IMPORT, PRICES AND UTILIZATION OF RICE: REPORT COMPILED BY: IQRA JUNEJO 1 TABLE OF CONTENT S:NO CONTENT PAGE # 1 Acknowledgement 3 2 Rice sector of Pakistan 4 3

More information

Global and U.S. Rice Markets Face Tighter Supplies in 2015/16

Global and U.S. Rice Markets Face Tighter Supplies in 2015/16 Global and U.S. Rice Markets Face Tighter Supplies in 2015/16 University of Arkansas Webinar Series November 19, 2015 Nathan Childs, Economic Research Service, USDA 11.20.15 PART 1 THE 2015/16 GLOBAL RICE

More information

World Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts. Lockup Briefing July 11, 2014

World Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts. Lockup Briefing July 11, 2014 World Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts Lockup Briefing World Wheat Production Country or Region estimate 2014/15 forecast June 11 Million Tons Percent Percent

More information

IFA Medium-Term Fertilizer Outlook

IFA Medium-Term Fertilizer Outlook IFA Medium-Term Fertilizer Outlook 2015 2019 Olivier Rousseau IFA Secretariat Afcome 2015 Reims, France October 21 st - 23 rd 2015 Outlook for World Agriculture and Fertilizer Demand Economic and policy

More information

Food Outlook BIANNUAL REPORT ON GLOBAL FOOD MARKETS

Food Outlook BIANNUAL REPORT ON GLOBAL FOOD MARKETS Food Outlook BIANNUAL REPORT ON GLOBAL FOOD MARKETS November 2017 ACKNOWLEDGEMENTS The Food Outlook report is a product of the FAO Trade and Markets Division. This report is prepared under the overall

More information

Emerging Global Trade Patterns: USDA s Long-term Agricultural Projections

Emerging Global Trade Patterns: USDA s Long-term Agricultural Projections Emerging Global Trade Patterns: USDA s Long-term Agricultural Projections Midwest Agriculture s Ties to the Global Economy Federal Reserve Bank of Chicago November 28, 217 Chicago Jim Hansen, Ph.D. USDA,

More information

Crop Prospects and Food Situation

Crop Prospects and Food Situation Crop Prospects and Food Situation No. 1 March 2014 HIGHLIGHTS CONTENTS FAO s forecasts for global cereal production, consumption, trade and stocks in /14 have all been raised since February, with overall

More information

Fresh Peaches and Cherries: World Markets and Trade

Fresh Peaches and Cherries: World Markets and Trade United States Department of Agriculture Foreign Agricultural Service Fresh Peaches and Cherries: World Markets and Trade Fresh Peach/Nectarine: 2014/15 Highlights Global production in 2014/15 of peaches/nectarines

More information

Executive summary. Butter prices at record levels

Executive summary. Butter prices at record levels June 2017 Executive summary Butter prices at record levels South African milk production growth disappointed in the first five months of 2017. Total production during this period is marginally lower than

More information

Monthly Regional Food Price Update - July & August 2017

Monthly Regional Food Price Update - July & August 2017 e Monthly Regional Food Price Update - July & August 2017 h Highlights: Southern Africa Improved maize supplies drove national maize and maize meal prices further down in July in all the monitored countries

More information

CORN: DECLINING WORLD GRAIN STOCKS OFFERS POTENTIAL FOR HIGHER PRICES

CORN: DECLINING WORLD GRAIN STOCKS OFFERS POTENTIAL FOR HIGHER PRICES CORN: DECLINING WORLD GRAIN STOCKS OFFERS POTENTIAL FOR HIGHER PRICES OCTOBER 2000 Darrel Good Summary The 2000 U.S. corn crop is now estimated at 10.192 billion bushels, 755 million (8 percent) larger

More information

Current Trends in Ethanol, Bioplastics, Cogeneration and Sustainability

Current Trends in Ethanol, Bioplastics, Cogeneration and Sustainability 11 September 2014 Kingsman Miami Sugar Conference Current Trends in Ethanol, Bioplastics, Cogeneration and Sustainability Jose Orive Executive Director 1 Structure of Presentation Quick Round-up on World

More information

Price Monitoring for Food Security in the Kyrgyz Republic

Price Monitoring for Food Security in the Kyrgyz Republic Issue 16 January-February 2017 Price Monitoring for Food Security in the Kyrgyz Republic Monthly monitoring and outlook of basic food prices in the Kyrgyz Republic Highlights and outlook for the next few

More information

Ending stocks can adjust due to a variety of factors from changes in production as well as adjustments to beginning stocks and demand.

Ending stocks can adjust due to a variety of factors from changes in production as well as adjustments to beginning stocks and demand. 1 2 3 Wire services such as Reuters and Bloomberg offer a survey of analysts expectations for high-profile USDA reports. These surveys hold interest because they help clarify what constitutes a shock or

More information

Grain Market Outlook for

Grain Market Outlook for Grain Market Outlook for 2017-2018 KSU Ag Econ 520 Fall 2017 Manhattan, Kansas DANIEL O BRIEN EXTENSION AGRICULTURAL ECONOMIST Topics to be discussed.. 1) Grain Market Analysis & Outlook Corn & Grain Sorghum

More information

The dynamics of global food and agribusiness

The dynamics of global food and agribusiness Welcome to the world of Rabobank! The dynamics of global food and agribusiness Adrie Zwanenberg NUFFIELD Global Head F&A Research 20 February 2006 2 The world of Rabobank Food & agribusiness: a global

More information

YEMEN MONTHLY MARKET WATCH JUNE 2012

YEMEN MONTHLY MARKET WATCH JUNE 2012 Highlights In May 2012, the country general inflation was 11.24% and food inflation stood at 10.53%, based on 12 months moving average. Between January and June 2012, the average wholesale price of 50

More information

Dairy Outlook. June By Jim Dunn Professor of Agricultural Economics, Penn State University. Market Psychology

Dairy Outlook. June By Jim Dunn Professor of Agricultural Economics, Penn State University. Market Psychology Dairy Outlook June 2015 By Jim Dunn Professor of Agricultural Economics, Penn State University Market Psychology Cheese prices have been rising this past month, rising 16 cents/lb. in a fairly steady climb.

More information

The sheep and sheep meat trade market. Second EU Sheep Meat Forum Brussels, February 25, 2016

The sheep and sheep meat trade market. Second EU Sheep Meat Forum Brussels, February 25, 2016 The sheep and sheep meat trade market Second EU Sheep Meat Forum Brussels, February 25, 2016 Partnering your agribusiness development Market research 45 years Focused on agribusiness Worldwide coverage

More information

Dairy market summary. World dairy market at a glance. FAO international dairy price index ( =100)

Dairy market summary. World dairy market at a glance. FAO international dairy price index ( =100) Market summaries Dairy market summary International prices of dairy began to strengthen in mid-2012, reversing the steady decline that had characterized the previous twelve months. The change in trend

More information

World Sorghum Grain Producers

World Sorghum Grain Producers World Sorghum Grain Producers Million Metric Tons 18 16 14 12 12 10 8 6 7 7 6 6 4 4 4 3 2 2 2 2 0 14 MY 2014/15 MY 2015/16 MY 2016/17 Grain Sorghum Exporters Million Metric Tons 10 9 8 7 6 5 4 3 2 1 0

More information

Price Monitoring for Food Security in the Kyrgyz Republic

Price Monitoring for Food Security in the Kyrgyz Republic Issue 17 March-April 2017 Price Monitoring for Food Security in the Kyrgyz Republic Monthly monitoring and outlook of basic food prices in the Kyrgyz Republic Highlights and outlook for the next few months

More information

Hog:Corn Ratio What can we learn from the old school?

Hog:Corn Ratio What can we learn from the old school? October 16, 2006 Ames, Iowa Econ. Info. 1944 Hog:Corn Ratio What can we learn from the old school? Economists have studied the hog to corn ratio for over 100 years. This ratio is simply the live hog price

More information

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 9/4/2014

More information

World Agricultural Supply And Demand Estimates

World Agricultural Supply And Demand Estimates United States Department of Agriculture Office of the Chief Economist World Agricultural Supply And Demand Estimates Agricultural Marketing Service Economic Research Service Farm Service Agency Foreign

More information

World Corn Market Supply Demand Trends

World Corn Market Supply Demand Trends World Corn Market Supply Demand Trends Daniel O Brien Extension Agricultural Economist K State Research and Extension May 27, 21 The world corn market has many participants, but a small number of larger

More information

FRIEDBERG S F O C U S O N F U T U R E S. Wheat: crop problems galore. Inside

FRIEDBERG S F O C U S O N F U T U R E S. Wheat: crop problems galore. Inside FRIEDBERG S F O C U S O N F U T U R E S Friedberg Mercantile Group Ltd. Volume 18, No. 10 November 19, 2015 Wheat: crop problems galore Northern Hemisphere winter wheat crops for the upcoming 2016-17 marketing

More information

South African Milk Processors Organisation

South African Milk Processors Organisation South African Milk Processors Organisation The voluntary organisation of milk processors for the promotion of the development of the secondary dairy industry to the benefit of the dairy industry, the consumer

More information

CANADIAN AGRIFOOD EXPORT PERFORMANCE AND THE GROWTH POTENTIAL OF THE BRICS AND NEXT- 11

CANADIAN AGRIFOOD EXPORT PERFORMANCE AND THE GROWTH POTENTIAL OF THE BRICS AND NEXT- 11 CANADIAN AGRIFOOD EXPORT PERFORMANCE AND THE GROWTH POTENTIAL OF THE BRICS AND NEXT- 11 CATPRN Trade Policy Brief 2012-05 December 2012 Alexander Cairns Karl D. Meilke Department of Food, Agricultural

More information

Global Wheat Trends. World wheat production and consumption

Global Wheat Trends. World wheat production and consumption The global wheat market over the past 10-15 years has proven to be relatively static with low-level growth in consumption and little growth in the amount of trade. Along with the United States, Canada,

More information

GIEWS Country Brief Malaysia

GIEWS Country Brief Malaysia Reference Date: 28-July-2017 FOOD SECURITY SNAPSHOT The 2017 rice production increased from last year s dry-weather affected output Cereal imports t forecast to increase in 2017/18 marketing year (July/June)

More information

Santa Claus rally could help corn Be ready to sell brief rallies when they come By Bryce Knorr, senior grain market analyst

Santa Claus rally could help corn Be ready to sell brief rallies when they come By Bryce Knorr, senior grain market analyst Santa Claus rally could help corn Be ready to sell brief rallies when they come By Bryce Knorr, senior grain market analyst Rallies are always possible in corn, even in down markets. Trouble is, they don

More information

KSU Agriculture Today Radio Notes

KSU Agriculture Today Radio Notes KSU Agriculture Today Radio Notes Daniel O Brien, Extension Agricultural Economist, Kansas State University For Radio Program to be aired 10:00-10:15 a.m., Friday, November 17, 2017 I. Grain Futures Closes,

More information

Rice Outlook. Nathan Childs. U.S. Season-Average Rough-Rice Price Raised to $15.15-$16.15 per Cwt

Rice Outlook. Nathan Childs. U.S. Season-Average Rough-Rice Price Raised to $15.15-$16.15 per Cwt RCS-8k Dec. 12, 28 Rice Outlook Nathan Childs U.S. Season-Average Rough-Rice Price Raised to $15.15-$16.15 per Cwt Contents Domestic Outlook Intl. Outlook Contacts & Links Tables U.S. Supply & Use S&U

More information

Lower Long Run Average Cotton Prices * Terry Townsend Executive Director

Lower Long Run Average Cotton Prices * Terry Townsend Executive Director INTERNATIONAL COTTON ADVISORY COMMITTEE 169 K Street NW, Suite 7, Washington, DC 6 USA Telephone () 463-666 Fax () 463-695 e-mail secretariat@icac.org Lower Long Run Average Cotton Prices * Terry Townsend

More information

Commodity Market Monthly

Commodity Market Monthly Commodity Market Monthly Research Department, Commodities Unit May 12, 216 www.imf.org/commodities commodities@imf.org Commodity prices surged 4.7 percent in April, with gains in all main indices, and

More information

Keywords: Asparagus officinalis L., green asparagus, white asparagus, consumption, export, domestic, hemispheres, canned, fresh, frozen

Keywords: Asparagus officinalis L., green asparagus, white asparagus, consumption, export, domestic, hemispheres, canned, fresh, frozen 2005 UPDATE OF THE WORLD S ASPARAGUS PRODUCTION AREAS, SPEAR UTILIZATION, YIELDS AND PRODUCTION PERIODS (To be published in the Proceedings of the XI International Asparagus Symposium in Acta Horticulturae)

More information

System development and analysis of long-term projection on global food supply and demand used synthetic model

System development and analysis of long-term projection on global food supply and demand used synthetic model System development and analysis of long-term projection on global food supply and demand used synthetic model Report on the Analysis of Baseline Projection Results March, 2012 Contents 1. Overview of

More information

Agriculture: farm income recovers

Agriculture: farm income recovers Agriculture: farm income recovers Farm earnings rose substantially last year, breaking a four-year slide. The index of prices received by farmers averaged a record 209 (1967=100). That was 14 percent over

More information

Cotton Pricing Guide. Julia Marsh and David Kenyon

Cotton Pricing Guide. Julia Marsh and David Kenyon Cotton Pricing Guide Julia Marsh and David Kenyon Other 32% Texas 5% U.S. (Except Texas) 15% Brazil 4% Turkey 4% China 23% Pakistan 9% India 1% Former Sovet Union 7% Julia Marsh was Undergraduate Student

More information

Black Sea Grain: Export expansion, new markets, Outlook for 2014

Black Sea Grain: Export expansion, new markets, Outlook for 2014 Black Sea Grain: Export expansion, new markets, 2000-2013. Outlook for 2014 Sergey Feofilov UkrAgroConsult Black Sea Grain Conference, April 17-18 2013 Black Sea Grain in the Global Markets Black Sea Wheat

More information

Short Term Energy Outlook March 2011 March 8, 2011 Release

Short Term Energy Outlook March 2011 March 8, 2011 Release Short Term Energy Outlook March 2011 March 8, 2011 Release Highlights West Texas Intermediate (WTI) and other crude oil spot prices have risen about $15 per barrel since mid February partly in response

More information

China - Commodities. Dragon shift 4Q2012. When the biggest nation building ends. Institutional Equities

China - Commodities. Dragon shift 4Q2012. When the biggest nation building ends. Institutional Equities Institutional Equities Dragon shift 4Q212 When the biggest nation building ends Our previous INCH reports Tiger Tong (65) 6511 6169 Contents Dragon shift... 1 The world s biggest nation building exercise

More information

Global poultry and pork outlook

Global poultry and pork outlook Global poultry and pork outlook Shaping the industry for competitiveness in a fast changing world Nan-Dirk Mulder, 8 November 217 Content I Global meat outlook 225 II III Regional meat outlook strategies

More information

Analysis & Comments. Livestock Marketing Information Center State Extension Services in Cooperation with USDA. National Hay Situation and Outlook

Analysis & Comments. Livestock Marketing Information Center State Extension Services in Cooperation with USDA. National Hay Situation and Outlook Analysis & Comments Livestock Marketing Information Center State Extension Services in Cooperation with USDA April 2, 2015 Letter #12 www.lmic.info National Hay Situation and Outlook The 2014 calendar

More information

A global meat industry outlook

A global meat industry outlook A global meat industry outlook Capturing business opportunities in a fast changing world Copenhagen Nan-Dirk Mulder, 18 February 2017 Rabobank international introduction and global network of branches

More information

Market Prospects, Opportunities and Challenges for Tropical Fruits. Kaison Chang, Secretary, Intergovernmental Group on Bananas and Tropical Fruits

Market Prospects, Opportunities and Challenges for Tropical Fruits. Kaison Chang, Secretary, Intergovernmental Group on Bananas and Tropical Fruits Market Prospects, Opportunities and Challenges for Tropical Fruits Kaison Chang, Secretary, Intergovernmental Group on Bananas and Tropical Fruits Market Prospects, Opportunities and Challenges for Tropical

More information

The World Cotton Situation * Terry Townsend, Executive Director Armelle Gruere, Statistician. Projections to 2020

The World Cotton Situation * Terry Townsend, Executive Director Armelle Gruere, Statistician. Projections to 2020 INTERNATIONAL COTTON ADVISORY COMMITTEE 1629 K Street NW, Suite 72, Washington, DC 26 USA Telephone (22) 463-666 Fax (22) 463-695 e-mail secretariat@icac.org The World Cotton Situation * Terry Townsend,

More information

Argentina. Poultry and Products Annual. Argentina Poultry & Products Annual

Argentina. Poultry and Products Annual. Argentina Poultry & Products Annual THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: GAIN Report

More information

Cattle Market Situation and Outlook

Cattle Market Situation and Outlook Cattle Market Situation and Outlook Rebuilding the Cow Herd Series March 28, 2007 Falls City, TX Coordinated by: Dennis Hale-Karnes CEA Ag & Charlie Pfluger-Wilson CEA Ag Prepared and presented by: Larry

More information

Crop Prospects and Food Situation

Crop Prospects and Food Situation Crop Prospects and Food Situation No. 3 October HIGHLIGHTS Latest indications confirm a decline in world cereal production in from the record in. The decrease will result in a significant reduction in

More information

Martin von Lampe Trade and Agriculture Directorate, OECD

Martin von Lampe Trade and Agriculture Directorate, OECD Organisation for Economic Cooperation and Development Uncertainties in the Macro-Economic Environment Implications for Medium-Term Perspectives for Agricultural Markets Martin von Lampe Trade and Agriculture

More information

5 http://www.worldbank.org/commodities El Niño often adversely affects agricultural production in the Southern Hemisphere, especially countries in Latin America and East Asia, as well Australia. Recent

More information

Cattle & Beef Outlook

Cattle & Beef Outlook Cattle & Beef Outlook Glynn Tonsor Dept. of Agricultural Economics, Kansas State University Overarching Beef Industry Economic Outlook Supplies Expansion continues, but has moderated Demand Mixed signals

More information

Rising Food Prices in East Asia: Challenges and Policy Options

Rising Food Prices in East Asia: Challenges and Policy Options Rising Food Prices in East Asia: Challenges and Policy Options Luc Christiaensen,, World Bank, presentation at the Managing Vulnerability in East Asia workshop, Bangkok, June 25-26, 26, 2008 Outline Where

More information

WHO PRODUCES FOR WHOM IN THE WORLD ECONOMY?

WHO PRODUCES FOR WHOM IN THE WORLD ECONOMY? WHO PRODUCES FOR WHOM IN THE WORLD ECONOMY? Guillaume Daudin (Lille-I (EQUIPPE) & Sciences Po (OFCE), Christine Rifflart, Danielle Schweisguth (Sciences Po (OFCE)) 1 To be published in the Canadian Journal

More information

COTTON REPORT. Kai Hughes. Cotton Production & Trade Trends. Executive Director International Cotton Advisory Committee

COTTON REPORT. Kai Hughes. Cotton Production & Trade Trends. Executive Director International Cotton Advisory Committee COTTON REPORT Kai Hughes Executive Director International Cotton Advisory Committee Cotton Production & Trade Trends International Cotton Advisory Committee WORLD COTTON AREA AND PRICES US cts/lb 18 15

More information

Wheat Outlook. U.S. 2017/18 all-wheat area planted projected to be smallest on record. Figure 1: U.S. wheat planted area by class

Wheat Outlook. U.S. 2017/18 all-wheat area planted projected to be smallest on record. Figure 1: U.S. wheat planted area by class Economic Research Service Situation and Outlook WHS-17d April 13, 2017 Wheat Chart Gallery will be updated on April 13, 2017. The next release is May 12, 2017. -------------- Approved by the World Agricultural

More information

Crop Prospects and Food Situation

Crop Prospects and Food Situation No. 1 March 2015 Crop Prospects and Food Situation HIGHLIGHTS FAO has further raised its estimate of the world cereal production and its forecast for global cereal stocks. Early prospects for cereal supplies

More information

BSE, U.S. Beef Trade and Cattle Feeding Industry

BSE, U.S. Beef Trade and Cattle Feeding Industry BSE, U.S. Beef Trade and Cattle Feeding Industry Lal K. Almas West Texas A&M University, Division of Agriculture, WTAMU Box 60998, Canyon, Texas 79016 lalmas@mail.wtamu.edu W. Arden Colette West Texas

More information

FNB Agri-Weekly 17 March 2006

FNB Agri-Weekly 17 March 2006 An Authorised Financial Services Provider FNB Agri-Weekly Web www.fnb.co.za e-mail:pmakube@fnb.co.za Beef market trends (Graph 1) International: Beef prices continued to drift lower due to improved volumes

More information

Argus Ethylene Annual 2017

Argus Ethylene Annual 2017 Argus Ethylene Annual 2017 Market Reporting Petrochemicals illuminating the markets Consulting Events Argus Ethylene Annual 2017 Summary Progress to the next peak of the economic cycle, now expected by

More information

World Agricultural Supply and Demand Estimates United States Department of Agriculture

World Agricultural Supply and Demand Estimates United States Department of Agriculture ISSN 1554-9089 Office of the Chief Economist World Agricultural Supply and Demand Estimates United States Department of Agriculture Agricultural Marketing Service Farm Service Agency Economic Research

More information

Feed Grain Outlook June 2, 2014 Volume 23, Number 33

Feed Grain Outlook June 2, 2014 Volume 23, Number 33 June 2, Today s Newsletter Market Situation Crop Progress 1 Corn Use 2 Outside Markets 3 Marketing Strategies Corn Marketing Plan 5 Upcoming Reports/Events 6 Market Situation Crop Progress. This afternoon

More information

Food Prices and Global Food Security

Food Prices and Global Food Security Food Prices and Global Food Security Alan Matthews Director, Institute for International Integration Studies Professor of European Agricultural Policy Trinity College Dublin Presentation to Forfás Lunchtime

More information

Jabs International Pvt. Ltd.

Jabs International Pvt. Ltd. 1 Cumin 1 Global Cumin Production Cumin's Global Cumin Seed production is around 200-215 thousand tons. India is the leading in terms of cumin seed production and consumption. India, Syria and Turkey contributing

More information

Global Review of Commercialized Transgenic Crops: 2002 Feature: Bt Maize

Global Review of Commercialized Transgenic Crops: 2002 Feature: Bt Maize I S A A A INTERNATIONAL SERVICE FOR THE ACQUISITION OF AGRI-BIOTECH APPLICATIONS EXECUTIVE SUMMARY Global Review of Commercialized Transgenic Crops: 2002 Feature: Bt Maize by Clive James Chair, ISAAA Board

More information

Market Alert. China NPK Statistical Update February Highlights. China Plant Nutrient Exports. Exports

Market Alert. China NPK Statistical Update February Highlights. China Plant Nutrient Exports. Exports Market Alert China NPK Statistical Update February Exports China Customs reported that high-analysis phosphate exports (DAP/ MAP/TSP) fell to 65,200 tonnes in February, a drop of 54% from uary and 58%

More information

Opportunities and Challenges Facing the Food and Agricultural Sector

Opportunities and Challenges Facing the Food and Agricultural Sector Opportunities and Challenges Facing the Food and Agricultural Sector Jikun Huang Center for Chinese Agricultural Policy Chinese Academy of Sciences Major Changes in Food and Agricultural Economy Demand:

More information

OVERVIEW OF THE WHEAT SECTOR IN MANITOBA. Wheat is one of Manitoba s most important crops and occupies the largest area of crop by area.

OVERVIEW OF THE WHEAT SECTOR IN MANITOBA. Wheat is one of Manitoba s most important crops and occupies the largest area of crop by area. - 1 - OVERVIEW OF THE WHEAT SECTOR IN MANITOBA Wheat is one of Manitoba s most important crops and occupies the largest area of crop by area. In 211, Manitoba reported 5,68 wheat farms compared to 7,156

More information

Pocket K No. 16. Biotech Crop Highlights in 2016

Pocket K No. 16. Biotech Crop Highlights in 2016 Pocket K No. 16 Biotech Crop Highlights in 2016 In 2016, the 21 st year of commercialization of biotech crops, 185.1 million hectares of biotech crops were planted by ~18 million farmers in 26 countries.

More information

Update on the Asian Wood Markets

Update on the Asian Wood Markets Update on the Asian Wood Markets RISI North American Conference Boston, USA October 16 18, 2017 Bob Flynn Director, International Timber, RISI Copyright 2017 RISI, Inc. Proprietary Information Agenda Market

More information

United Kingdom Pig Meat Market Update. May 2013

United Kingdom Pig Meat Market Update. May 2013 United Kingdom Pig Meat Market Update May 2013 UK PRICES As is normally the case at this time of year, GB finished pig prices increased steadily during March, rising by about three pence over the month.

More information

Time for Africa. Capturing the African meat and poultry investment opportunity

Time for Africa. Capturing the African meat and poultry investment opportunity Time for Africa Capturing the African meat and poultry investment opportunity Nan-Dirk Mulder, 4 October 2017 Rabobank: The world s leading global F&A bank Rabobank group global presence Rabobank in Africa

More information

World Agricultural Supply and Demand Estimates United States Department of Agriculture

World Agricultural Supply and Demand Estimates United States Department of Agriculture ISSN: 1554-9089 Office of the Chief Economist World Agricultural Supply and Demand Estimates United States Department of Agriculture Agricultural Marketing Service Farm Service Agency Economic Research

More information

Crop Prospects and Food Situation

Crop Prospects and Food Situation Crop Prospects and Food Situation No. 1 March 2011 HIGHLIGHTS FAO s first forecast for world wheat production in 2011 stands at 676 million tonnes, 3.4 percent up from. This level of production would still

More information

World Agricultural Supply and Demand Estimates United States Department of Agriculture

World Agricultural Supply and Demand Estimates United States Department of Agriculture ISSN 1554-9089 Office of the Chief Economist World Agricultural Supply and Demand Estimates United States Department of Agriculture Agricultural Marketing Service Farm Service Agency Economic Research

More information

Iowa Farm Outlook. February 2018 Ames, Iowa Econ. Info Betting on the Come in the Fed Cattle Market

Iowa Farm Outlook. February 2018 Ames, Iowa Econ. Info Betting on the Come in the Fed Cattle Market Iowa Farm Outlook 0BDepartment of Economics February 2018 Ames, Iowa Econ. Info. 2094 Betting on the Come in the Fed Cattle Market Prices feedlot managers are bidding for feeder cattle suggest that feedlot

More information

The World Dairy Situation

The World Dairy Situation The World Dairy Situation 2014 1 1 Summary report on IDF Bull. 476/2014 World Dairy Situation 2013 available from IDF www.fil.idf.org Introduction The 2014 World Dairy Situation report was published in

More information

The weather models continue to paint an optimistic picture for the new season. The South African maize belt could

The weather models continue to paint an optimistic picture for the new season. The South African maize belt could 22 September 2017 South African Agricultural Commodities Weekly Wrap The weaker domestic currency, coupled with higher Chicago grains and oilseed prices led to widespread gains in the South African agricultural

More information

Bunge - Wheat Market update. IAOM Manila 2012

Bunge - Wheat Market update. IAOM Manila 2012 Bunge - Wheat Market update IAOM Manila 2012 Bunge Today Key Facts Net Sales: $59 Billion Employees: ~35,000 Facilities: ~400 Countries of Operations: 30+ 6% 9% 12% 19% Average Net Operating Assets Agribusiness

More information

World sugar market overview. Dubai, February 2017

World sugar market overview. Dubai, February 2017 World sugar market overview Dubai, February 2017 What flags over the months ahead? India: all eyes on what comes next CS Brazil: more sugar than anticipated? China and the multiple ways to fill the deficit:

More information

Predicting future factors in meat supply and demand

Predicting future factors in meat supply and demand New perspectives Predicting future factors in meat supply and demand Nan-Dirk Mulder, Rabobank International Contents Section 1: Section 2: Short term outlook Long term outlook Rabobank International Rabobank:

More information

Outlook for U.S. Agricultural Trade

Outlook for U.S. Agricultural Trade United States Department of Agriculture Electronic Outlook Report from USDA s Economic Research Service and Foreign Agricultural Service AES-99 May 25, 2017 Outlook for U.S. Agricultural Trade FY 2017

More information

Emissions Intensity CHAPTER 5 EMISSIONS INTENSITY 25

Emissions Intensity CHAPTER 5 EMISSIONS INTENSITY 25 C H A P T E R 5 Emissions Intensity Emissions intensity is the level of GHG emissions per unit of economic activity, usually measured at the national level as GDP. 25 Intensities vary widely across countries,

More information

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 4/1/2015

More information

U.S. Trade Deficit and the Impact of Changing Oil Prices

U.S. Trade Deficit and the Impact of Changing Oil Prices U.S. Trade Deficit and the Impact of Changing Oil Prices James K. Jackson Specialist in International Trade and Finance 1, 2015 Congressional Research Service 7-5700 www.crs.gov RS22204 Summary Imported

More information