MMT 1, 975 95 925 9 875 85 825 8 Department of Agriculture Foreign Agricultural Service Grain: World Markets and Trade Near-Record Grain Supplies Support Growing Global Consumption Global Corn Production Above Consumption 9/1 1/11 11/12 12/13 13/14 14/15 Production Consumption Global corn production in 214/15 is expected to be unchanged from last year s record, and above global consumption for the fourth year in a row. Global corn consumption is expected to climb at a weaker rate than last year with slower growth in feed demand. The resulting swell in global stocks is attributable entirely to the, where stocks are forecast to surge to the highest level in 9 years. Global trade is projected down marginally from last year s record. Global Wheat Production Slightly Above Consumption MMT 725 7 675 65 625 6 575 55 525 5 475 9/1 1/11 11/12 12/13 13/14 14/15 Production Consumption Global Rice Production Slightly Below Consumption MMT 5 Wheat production is forecast down from last year s record, but exportable supplies are still ample. Global consumption is slightly lower as corn continues to displace wheat in feed rations in some countries. Global trade is below last year s record. The is projected to lose its place to the EU as the world s largest exporter. Global ending stocks are up marginally. Although rice consumption and production are forecast at record levels, consumption is expected to surpass production for the first time in 8 years, causing a small drawdown in global stocks. Trade is also projected at a record level, largely driven by growing demand in China and Nigeria. Ample exportable supplies in Thailand and India are likely to keep prices soft. 45 425 4 9/1 1/11 11/12 12/13 13/14 14/15 For email subscription, click here to register: http://www.fas.usda.gov/data/grain-world-markets-and-trade Production Consumption Approved by the World Agricultural Outlook Board - USDA
TABLE OF CONTENTS World Markets and Trade: Commentary and Current Data Wheat... 4 Rice... 11 Coarse Grains... 17 Historical Data Series for Selected Regions and Countries... 4 Endnotes to Grain: World Markets and Trade... 59 The Foreign Agricultural Service (FAS) updates its production, supply and distribution (PSD) database for cotton, oilseeds, and grains at 12: p.m. on the day the World Agricultural Supply and Demand Estimates (WASDE) report is released. This circular is released by 12:15 p.m. To download the tables in the publication, go to Production, Supply and Distribution Database (PSD Online): (http://apps.fas.usda.gov/psdonline/psdhome.aspx), scroll down to Reports, and Click the plus sign [+] next to Grains. FAS Reports and Databases: Current World Market and Trade and World Agricultural Production Reports: http://apps.fas.usda.gov/psdonline/psddatapublications.aspx Archives World Market and Trade and World Agricultural Production Reports: http://usda.mannlib.cornell.edu/mannusda/viewtaxonomy.do?taxonomyid=7 Production, Supply and Distribution Database (PSD Online): http://apps.fas.usda.gov/psdonline/psdhome.aspx Global Agricultural Trade System (U.S. Exports and Imports): http://apps.fas.usda.gov/gats/default.aspx Export Sales Report: http://apps.fas.usda.gov/esrquery/ Global Agricultural Information Network (Agricultural Attaché Reports): http://gain.fas.usda.gov/pages/default.aspx Other USDA Reports: World Agricultural Supply and Demand Estimates (WASDE): http://www.usda.gov/oce/commodity/wasde/ Economic Research Service: http://www.ers.usda.gov/topics/crops National Agricultural Statistics Service: http://www.nass.usda.gov/publications/ Grain: World Markets and Trade, 2
All Grain Summary Comparison Wheat Rice, Milled Corn Marketing Year 212/13 213/14 214/15 212/13 213/14 214/15 212/13 213/14 214/15 Production (Jun-May) 61.7 58. 53.4 6.3 6.1 6.8 273.8 353.7 354. Other 595.6 656. 643.6 465.3 47. 473.9 595. 625.3 625.1 657.3 714. 697. 471.6 476.1 48.7 868.8 979. 979.1 Domestic Consumption (Jun-May) 38.3 34.1 33.1 3.8 4. 4.1 263.6 298.1 296.8 Other 648. 661.5 661.1 461.6 469. 475. 65.8 644.1 667.5 686.3 695.6 694.2 465.3 473. 479.1 869.5 942.2 964.3 Ending Stocks (Jun-May) 19.5 15.9 14.7 1.2.9 1.1 2.9 29.1 43.9 Other 155.8 17.7 172.7 19. 11.3 18.7 117.3 139.3 137.9 175.3 186.5 187.4 11.1 111.3 19.8 138.2 168.4 181.7 TY Imports (Jun-May) 3.4 4.9 4.1.7.7.7 4.2.8.8 Other 14.2 15.8 144.9 35.2 37.9 37.8 94.6 114.3 113.7 143.6 155.7 149. 35.9 38.6 38.5 98.8 115.1 114.5 TY Exports (Jun-May) 27.7 31.5 26. 3.3 3.2 3.3 18.3 48. 43. Other 119.3 126.9 125.6 35.7 37.6 38. 82.3 7.3 74.9 147. 158.4 151.6 39. 4.8 41.3 1.5 118.3 117.9 Note: Consumption in this table has not been adjusted for differences in marketing year imports and exports and therefore differs from global totals shown elsewhere. Marketing years for U.S. grains are: Wheat (Jun-May), Rice (Aug-Jul), Corn (Sep-Aug). 'Marketing Year' column is germane for U.S. wheat only.
WHEAT: WORLD MARKETS AND TRADE HIGHLIGHTS FOR 214/15 Global wheat production is projected to reach 697 million tons, down from the 213/14 record. Black Sea regional production is down, particularly Ukraine, but exportable supplies are still ample. In the Middle East, Syria and Turkey s wheat crops are reduced because of drought. In North Africa, Morocco s production is down significantly from last year, but Algeria, Tunisia, and Egypt all have larger crops. South America is projected to recover, boosting supplies in the region. The U.S. crop is projected lower than last year due to adverse weather in Hard Red Winter wheat growing areas. Global consumption is expected to decline Exporter Stocks Unchanged marginally as corn continues to displace wheat in feed rations. Global ending stocks are forecast to rise marginally to 187 million tons. Exporter ending stocks, on the other hand, are nearly unchanged; a decline in the and Canada is mostly offset by gains in the EU and Russia. MMT 8 7 6 5 4 3 2 1 1/11 11/12 12/13 13/14 14/15 Other Major Exporters and Canada Selected Importers Global Import Demand Down from Record Global trade is projected down from last year s record, but still sizable at 152 million tons. China 16 has abundant domestic feedgrain supplies and imported feed-quality wheat prices have risen sharply. Brazil is lower because of a projected record 14 crop. Most North African countries are lower due to a combination of recent large purchases and favorable crop prospects. The opened a special duty-free Tariff-Rate Quota for Ukraine, 12 which is expected to support a higher import volume. Mexico has a larger crop and imports are projected lower. The is forecast lower as a result of a smaller crop in Canada. Turkey is 1 forecast at a record because production is expected to be the lowest in 2 years and the Government already announced that it would permit 2.5 million tons of duty-free imports over a 2-year period. MMT 1/11 11/12 12/13 13/14 14/15 4 Grain: World Markets and Trade,
Algeria is reduced 7, tons to 6. million. Brazil is down 1. million tons to 6.5 million. China plunges 4. million tons to 3. million. EU is boosted 1.7 million tons to 5.5 million. Iran is slashed 2. million tons to 4. million. Mexico is down 8, tons to 3.7 million. Morocco is reduced 3, tons to 3. million. Tunisia is lowered 35, tons to 1.5 million. Turkey jumps 1.3 million tons to a record 5.5 million. is cut 8, tons to 4.1 million. Selected Exporters The is down slightly from last year s record as more wheat is expected to be fed domestically. Canada is only marginally lower because it will continue to export its surplus from the record 213/14 crop. Australia is up based on strong demand projected from the Middle East. The is projected lower as a result of a smaller crop and rebounding supplies in South America. Kazakhstan, Russia, and Ukraine s exportable supplies are projected to be little changed. Argentina jumps 4.7 million tons to 6.5 million. Australia is raised 1. million tons to 19. million. Canada is down 5, tons to 21. million. EU is cut 2.5 million tons to 27.5 million. Kazakhstan is lowered 1. million tons to 7. million. Russia is up 8, tons to 19. million. Ukraine is down 1. million tons to 8.5 million. The is 5.5 million tons lower at 26. million. 5 Grain: World Markets and Trade,
PRICES: U.S. Weekly FOB Export Bids 35 $/MT 3 25 11/2/213 12/2/213 1/2/214 2/2/214 3/2/214 4/2/214 5/2/214 Domestic: Wheat prices for most classes rose in the last month. Hard Red Winter (HRW) skyrocketed $35 to $365/ton based on reports of crop damage from prolonged drought. HRW is now more expensive than Hard Red Spring (HRS), which eased $2 to $355/MT. Soft White wheat (SWW) prices are up $1 to $299/ton. Meanwhile, Soft Red Winter (SRW) is $15 higher at $32/MT. Season-average farm prices in 214/15 are projected in the range of $6.65 to $7.95/bushel, higher than the estimated $6.85/bushel in 213/14 because of tightening supplies. 213/14 OVERVIEW Global trade is up slightly and forecast at a record. TRADE CHANGES IN 213/14 Selected Importers HRW SRW SWW HRS Morocco is boosted 1. million tons to 3.3 million on larger-than-expected April shipments. The is up 2, tons to 4.9 million on the strong pace of recent shipments from Canada. 6 Grain: World Markets and Trade,
Selected Exporters Canada is down 5, tons to 21.5 million on the slower-than-expected pace of shipments. EU is up 1. million to 3. million on strong late-season sales and licenses. Kazakhstan is raised 5, tons to 8. million on strong exports to neighboring countries. Russia jumps 7, tons to 18.2 million on increased pace of exports facilitated by warmer weather. 7 Grain: World Markets and Trade,
World Wheat, Flour, and Products Trade July/June Year, Thousand Metric Tons 29/1 21/11 211/12 212/13 213/14 214/15 May TY Exports 6,5 1,8 7,45 11,951 7,742 5,255 Argentina 19, 18, 21,269 23,31 18,455 13,764 Australia 21, 21,5 18,581 17,63 16,768 18,992 Canada 27,5 3, 22,621 16,691 23,86 22,279 2,5 5, 8,651 1,723 73 6 India 7, 8, 6,81 11,69 5,519 7,871 Kazakhstan 19, 18,2 11,289 21,627 3,983 18,556 Russia 3,2 4, 3,583 3,678 2,944 4,363 Turkey 8,5 9,5 7,19 5,436 4,32 9,337 Ukraine 1,5 1,2 811 1,782 1,612 1,39 Uruguay 9,86 9,74 11,54 11,46 13,56 9,728 125,56 126,94 119,3 125,637 98,44 111,244 26, 31,5 27,695 28,142 36,46 24,143 151,56 158,44 146,995 153,779 134,9 135,387 TY Imports 1,8 1,8 1,6 2,2 2, 2,5 Afghanistan 6, 6,7 6,484 6,5 6,516 5,167 Algeria 3,3 3, 2,719 2,16 3,951 3,353 Bangladesh 6,5 7,5 7,547 7,53 6,742 6,691 Brazil 3, 7, 2,96 2,933 927 1,394 China 1,8 1,5 8,3 11,65 1,6 1,5 Egypt 5,5 3,8 5,277 7,362 4,621 5,358 7,3 7,2 7,146 6,457 6,66 5,364 Indonesia 4, 6, 5,6 2,4 2 3,65 Iran 3, 3,4 3,948 3,784 3,631 3,898 Iraq 6, 6,2 6,598 6,354 5,869 5,52 Japan 4,2 4,3 5,439 5,188 4,761 4,47 Korea, South 2,2 2,5 1,946 1,561 1,474 2,9 Libya 3,7 4,5 3,826 5,2 3,44 3,196 Mexico 3, 3,3 3,825 3,671 4,19 2,34 Morocco 4,5 4,4 4,14 3,931 4,52 3,99 Nigeria 3,2 3,4 3,645 4,75 3,224 3,197 Philippines 3,25 3,35 1,921 2,94 1,739 1,97 Saudi Arabia 2,5 2, 1,793 2,36 1,595 1,887 Sudan 2, 1,8 963 68 428 1,886 Syria 2, 1,9 1,845 2,646 1,943 1,614 Thailand 5,5 4,2 3,312 4,413 3,545 3,218 Turkey 2,1 2,1 1,863 2,698 1,618 1,677 Uzbekistan 2,1 1,9 1,671 2,711 2,459 1,922 Vietnam 3,2 3,1 3,149 2,685 2,816 2,614 Yemen 44,695 45,35 42,636 44,861 39,159 39,94 144,895 15,75 14,153 148,113 127,899 129,253 2,565 2,754 3,399 2,632 3,593 2,899 Unaccounted 4,1 4,9 3,443 3,34 2,598 3,235 151,56 158,44 146,995 153,779 134,9 135,387 TY=Trade Year, see Endnotes.
World Wheat Production, Consumption, and Stocks Local Marketing Years, Thousand Metric Tons 29/1 21/11 211/12 212/13 213/14 214/15 May Production 12,5 1,5 9,3 15,5 17,2 12, Argentina 25,5 27, 22,461 29,95 27,41 21,834 Australia 6, 5,3 4,38 5,8 5,9 5,26 Brazil 28,5 37,5 27,25 25,288 23,3 26,95 Canada 123, 121,72 121,23 117,4 115,18 115,12 China 8,95 8,65 8,5 8,4 7,2 8,523 Egypt 144,88 143,324 133,846 138,182 136,667 139,72 94, 93,51 94,88 86,87 8,8 8,68 India 13, 14,5 13,8 12,4 13,5 13,485 Iran 14,5 13,941 9,841 22,732 9,638 17,51 Kazakhstan 24,5 24, 23,3 25, 23,9 24, Pakistan 52, 52,91 37,72 56,24 41,58 61,77 Russia 15, 18, 15,5 18,8 17, 18,45 Turkey 2, 22,278 15,761 22,324 16,844 2,866 Ukraine 6,8 6,8 6,7 6,3 6,5 6,2 Uzbekistan 54,474 56,929 51,49 5,44 48,185 55,47 643,64 656,43 595,626 641,581 59,732 626,722 53,431 57,961 61,671 54,413 6,62 6,366 697,35 714,4 657,297 695,994 65,794 687,88 Total Consumption 9,85 9,65 9,45 8,95 8,75 8,55 Algeria 11,6 11,4 1,9 11,2 1,8 11, Brazil 9,75 11,2 9,598 9,852 7,551 7,212 Canada 121, 123,5 125, 122,5 11,5 17, China 19,2 18,9 18,7 18,6 17,7 18,1 Egypt 121,5 117, 119,5 127,234 122,844 125,622 92,5 93,9 83,822 81,44 81,76 78,15 India 17,2 17,5 16,4 14,9 15,7 16,8 Iran 7,3 6,8 6,8 7,6 6,7 7,7 Kazakhstan 8,7 8,9 8,3 8,8 7,85 7,8 Morocco 24,4 24,1 23,9 23,1 23, 23, Pakistan 33,5 34, 33,55 38, 38,6 39,6 Russia 17,3 17,75 17,5 18,1 17,3 17,1 Turkey 11,5 11,5 11,4 14,95 11,6 12,3 Ukraine 8,6 8,3 8, 7,8 7,7 7,5 Uzbekistan 147,641 147,71 145,213 142,99 134,419 132,498 663,57 668,662 64,962 664,87 623,96 623,48 33,93 34,14 38,269 32,112 3,639 3,977 696,15 72,82 679,231 696,919 654,545 654,385 Ending Stocks 5,974 5,439 4,259 7,51 8,184 5,67 Australia 8,47 9,817 5,52 5,932 7,36 7,743 Canada 62,18 58,18 53,96 55,946 59,91 54,425 China 12,56 1,676 1,552 13,55 11,931 16,573 16,3 17,83 24,2 19,95 15,36 16,12 India 6,499 6,399 4,99 238 2,3 4,2 Iran 6,743 6,43 4,952 1,899 13,736 14,722 Russia 54,98 56,275 48,717 63,486 57,3 56,537 172,77 17,659 155,791 177,52 174,722 175,387 14,79 15,872 19,538 2,211 23,466 26,552 187,416 186,531 175,329 197,263 198,188 21,939
Regional Wheat Imports, Production, Consumption, and Stocks Thousand Metric Tons 29/1 21/11 211/12 212/13 213/14 May 214/15 TY Imports North America 6,833 6,431 8,551 7,754 9,865 8,28 Central America 1,445 1,684 1,666 1,662 1,76 1,785 South America 13,171 13,158 13,779 14,392 14,65 13,275-28 5,358 4,621 7,362 5,277 3,8 5,5 Other Europe 1,669 1,614 1,913 1,633 1,82 1,84 Former Soviet Union - 12 5,433 5,498 8,22 7,228 7,93 7,83 Middle East 22,56 17,324 23,65 24,175 27,515 26,525 North Africa 21,592 24,427 24,855 22,52 24,4 23,5 Sub-Saharan Africa 16,33 15,93 18,484 17,437 18,2 18,56 East Asia 13,743 13,889 16,865 17,352 19,81 15,51 South Asia 7,66 7,593 5,466 5,36 6,4 6,575 Southeast Asia 13,923 16,341 18,16 16,356 16,535 16,825 2,852 2,824 3,13 2,972 3,1 2,99 Total 132,488 13,497 151,147 143,596 155,65 148,995 Production North America 91,464 87,38 83,329 92,17 98,833 85,81 South America 22,213 27,56 25,768 18,46 2,3 23,733-28 139,72 136,667 138,182 133,846 143,324 144,88 Other Europe 3,818 3,188 3,597 3,54 4,429 3,84 Former Soviet Union - 12 114,12 81,68 115,32 77,345 13,76 11,195 Middle East 38,94 38,638 39,282 36,38 4,935 35,115 North Africa 2,241 15,914 18,366 17,32 2,122 18,85 Sub-Saharan Africa 6,676 5,379 6,54 6,388 6,21 6,348 East Asia 116,448 116,355 118,778 122,475 123,59 124,373 South Asia 111,144 11,949 117,132 126,39 125,69 126,745 Oceania 22,238 27,855 3,288 22,95 27,44 26,1 174 183 186 186 181 181 Total 687,88 65,794 695,994 657,297 714,4 697,35 Domestic Consumption North America 44,489 44,64 49,564 54,492 51,94 49,443 South America 25,683 25,583 26,121 26,378 26,9 27,115-28 125,622 122,844 127,234 119,5 117, 121,5 Other Europe 4,96 4,727 4,83 4,72 4,93 4,825 Former Soviet Union - 12 78,315 75,63 79,895 71,497 72,855 72,84 Middle East 54,824 54,46 56,273 56,763 58,935 58,3 North Africa 39,441 38,85 4,927 41,421 42,55 42,975 Sub-Saharan Africa 21,111 2,647 22,448 22,782 23,647 24,231 East Asia 12,186 123,952 137,6 139,874 137,235 134,455 South Asia 113,754 117,3 115,834 121,167 131,755 13,74 Southeast Asia 13,84 14,977 16,665 16,235 16,135 16,525 Oceania 6,145 6,845 7,819 8,16 8,235 7,975 3,295 3,354 3,341 3,367 3,494 3,53 Total 65,99 653,413 688,11 686,32 695,611 694,184 Ending Stocks North America 34,83 31,143 26,718 24,868 26,239 23,276 South America 7,54 8,58 3,999 3,529 7,289 7,692-28 16,573 11,931 13,55 1,552 1,676 12,56 Other Europe 1,696 1,166 1,352 1,47 1,96 1,45 Former Soviet Union - 12 26,481 23,551 26,97 14,671 17,86 18,171 Middle East 13,998 12,74 1,986 11,964 16,39 16,419 North Africa 11,72 12,194 14,94 11,441 12,738 11,588 Sub-Saharan Africa 2,123 1,367 2,374 2,251 1,972 1,644 East Asia 57,296 62,15 59,242 57,71 61,799 65,682 South Asia 21,432 21,79 25,425 28,144 21,579 19,759 Southeast Asia 3,211 3,991 4,73 4,154 3,819 3,384 Oceania 5,334 8,58 7,415 4,562 5,762 6,272 416 382 435 436 437 428 Total 21,939 198,188 197,263 175,329 186,531 187,416 NOTES: Regional definitions appear on last page of this circular. Imports are reported on a trade year basis. All other data are reported using local marketing years.
OVERVIEW OF 214/15 RICE: WORLD MARKETS AND TRADE Global production is expected to surpass 48 million tons, a record, but consumption is projected slightly higher, causing stocks to fall for the first time in 8 years. Trade is forecast at a record 41.3 million tons as Thailand and India meet rising demand with continued sales of their massive stocks. In the, expanded area in the South is expected to boost supplies, pushing up exports and stocks. MMT 45 4 35 3 25 2 15 1 5 Global Trade, Another Record Forecast Record Trade in Red In 215, trade is expected to reach a record for the fourth time in 5 years. In 199, it would have been difficult to believe that the quantity of rice traded would more than triple, and the percent of global production traded would more than double in a quarter century. Despite this growth and numerous policy, weather, and macro-economic shocks throughout the period, there has been surprisingly little movement in which countries supply the rice. Thailand, Vietnam, and the have been among the top five exporters every year, while either India or Pakistan was occasionally supplanted by China. There has been more variability among importers, with 15 countries in the top five at some point, but no country making it all 25 years. The most frequent were Iran,, Nigeria, and the Philippines. In 215, China and Nigeria are projected to be the top buyers. Selected Exporters Thailand and India are expected to switch places, with Thai exports rising 1. million tons to 1. million and Indian shipments falling the same amount to 9. million. Thailand is forecast to regain its position as top exporter, surpassing India for the first time in 4 years. 11 Grain: World Markets and Trade,
Vietnam is up 2, tons to 6.7 million on continued demand from China and the Philippines. Pakistan is steady at 3.9 million tons. is forecast marginally higher at 3.3 million tons on larger supplies. Selected Importers China is forecast up 5, tons to a record 3.7 million as lower prices in neighboring countries continue to make imports attractive. Nigeria is expected to rise 5, tons to a record 3.5 million as production is unable to meet growing demand. Philippines is forecast down 2, tons to a still robust 1.8 million as the government continues to boost reserves in spite of the larger crop. OVERVIEW OF 213/14 Global production is up marginally from last month while trade is down slightly. Both are still records. U.S. prices are down, mostly due to a drop in medium grain. TRADE CHANGES Selected Importers Cote d Ivoire is cut 36, tons in 213 (to 94,) and 1, tons in 214 (to 1.2 million) on trade data. By contrast, Ghana is raised 125, tons in 213 to a record 725, tons. Nepal is down 1, tons to 25, in 214 on a larger crop. Philippines is down 1, tons to 1. million in 213 as shipments from Vietnam slipped into 214. Syria is cut 13, tons to 12, in 213 as the unrest limited trade. Thailand is halved in 214 to 3, tons as the suspension of the paddy pledging scheme makes border trade less lucrative. 12 Grain: World Markets and Trade,
NOTES To better reflect the balance between supply and use, imports and consumption were revised for Singapore back to 22/3 and Libya back to 27/8. Rice supply and use data for the following countries has been discontinued for 214/15: Armenia, Azerbaijan, Belarus, Bosnia and Herzegovina, Chad, Djibouti, Kyrgyzstan, Macedonia, Lebanon, Malawi, Morocco, Papua New Guinea, Rwanda, Somalia, Sudan, Swaziland, Tajikistan, Trinidad and Tobago, and Zambia. Rice supply and use data for Qatar has been added beginning with 21/11. 13 Grain: World Markets and Trade,
World Rice Trade January/December Year, Thousand Metric Tons 29/1 21/11 211/12 212/13 213/14 214/15 May TY Exports Argentina 468 732 68 526 6 6 Australia 54 311 449 46 5 45 Brazil 43 1,296 1,15 83 85 8 Burma 7 1,75 1,357 1,163 1,3 1,3 Cambodia 75 86 9 1,75 1, 1,2 China 619 487 267 447 35 35 Egypt 57 32 6 85 8 875 Guyana 298 257 285 345 4 4 India 2,228 4,637 1,25 1,48 1, 9, Japan 2 2 2 2 2 2 Pakistan 4, 3,414 3,399 3,6 3,9 3,9 Paraguay 135 28 262 365 25 26 Thailand 9,47 1,647 6,945 6,722 9, 1, Uruguay 88 841 1,56 939 9 95 Vietnam 6,734 7, 7,717 6,7 6,5 6,7 881 1,39 1,223 1,5 1,39 1,55 27,922 33,324 36,623 35,77 37,589 38,4 3,868 3,246 3,35 3,271 3,2 3,25 31,79 36,57 39,928 38,978 4,789 41,29 TY Imports Angola 28 275 36 43 45 45 Brazil 778 591 732 712 7 7 Cameroon 3 31 45 5 5 5 China 366 575 2,9 3,5 3,2 3,7 Cote d'ivoire 84 935 1,375 94 1,15 1,2 Cuba 498 558 33 413 45 45 1,235 1,496 1,313 1,375 1,35 1,4 Ghana 32 62 595 725 6 62 Hong Kong 39 381 415 419 42 425 Indonesia 1,15 3,98 1,96 65 1,5 1, Iran 1,52 1,87 1,5 2,15 1,65 1,7 Iraq 1,188 1,36 1,478 1,294 1,4 1,45 Japan 649 742 65 69 7 7 Kenya 28 335 4 41 44 48 Korea, South 32 532 238 58 445 45 Malaysia 97 1,76 1,6 89 1,1 1,1 Mexico 575 75 68 746 75 775 Mozambique 325 36 445 485 47 475 Nigeria 2, 2,55 3,4 2,4 3, 3,5 Philippines 2,4 1,2 1,5 1, 2, 1,8 Saudi Arabia 1,69 1,59 1,193 1,275 1,3 1,325 Senegal 685 85 1,2 1,75 1,1 1,1 South Africa 733 885 87 99 1,1 1,1 United Arab Emirates 4 42 43 44 45 46 Yemen 33 337 42 425 45 45 9,191 1,656 1,689 1,728 11,268 1,58 28,729 33,47 36,529 35,242 37,943 37,818 Unaccounted 2,499 2,542 2,759 3,61 2,146 2,772 562 621 64 675 7 7 31,79 36,57 39,928 38,978 4,789 41,29 TY=Trade Year, see Endnotes. Note about dates: 214/15 is calendar year 215, 213/14 is calendar year 214, and so on.
World Rice Production, Consumption, and Stocks Local Marketing Years, Thousand Metric Tons 29/1 21/11 211/12 212/13 213/14 214/15 May Milled Production Bangladesh 31, 31,7 33,7 33,82 34,59 34,8 Brazil 7,929 9,3 7,888 7,99 8,6 8,5 Burma 11,642 11,6 11,473 11,715 11,957 12,15 Cambodia 4,56 4,233 4,268 4,67 4,725 4,9 China 136,57 137, 14,7 143, 142,3 144, Egypt 4,564 3,1 4,25 4,675 4,88 4,9 India 89,9 95,98 15,31 15,24 15, 16, Indonesia 36,37 35,5 36,5 36,55 37,355 37,7 Japan 7,711 7,72 7,646 7,756 7,832 7,7 Korea, South 4,916 4,295 4,224 4,6 4,23 4,15 Nepal 3,13 2,68 2,97 3, 3,3 3,1 Pakistan 6,8 5, 6,2 5,8 6,6 6,7 Philippines 9,772 1,539 1,71 11,428 11,89 12,2 Thailand 2,26 2,262 2,46 2,2 2,5 2,5 Vietnam 24,993 26,371 27,152 27,519 27,8 27,8 35,128 37,613 37,63 37,891 38,415 38,88 433,814 442,353 461,54 465,26 469,974 473,98 7,133 7,593 5,866 6,336 6,115 6,811 44,947 449,946 466,92 471,596 476,89 48,719 Consumption and Residual Bangladesh 31,6 32,4 34,3 34,5 34,6 34,8 Brazil 8,477 8,2 7,928 7,85 8,5 8,15 Burma 1,89 1,1 1,2 1,4 1,5 11, Cambodia 3,27 3,37 3,4 3,55 3,65 3,7 China 134,32 135, 139,6 144, 146, 148, Egypt 3,94 3,3 3,62 3,9 4, 4,1 India 85,58 9,26 93,334 94,31 96, 98, Indonesia 38, 38,44 38,188 38,127 38,65 39,2 Iran 3,15 3,25 3,3 3,35 3,4 3,45 Japan 8,2 8,2 8,5 8,25 8,25 8,2 Korea, South 4,71 5,175 4,95 4,5 4,67 4,59 Nigeria 4,35 4,8 5,6 5,3 6, 6,1 Philippines 13,125 12,9 12,86 12,85 12,85 13,2 Thailand 1,2 1,3 1,4 1,6 1,8 1,9 Vietnam 19,15 19,4 19,65 21,9 21,5 21,5 52,655 53,799 56,764 58,451 6,143 6,129 434,715 44,623 456,274 464,469 471,11 478,12 4,14 4,33 3,493 3,752 3,967 4,95 438,729 444,953 459,767 468,221 474,978 482,197 Ending Stocks Bangladesh 77 1,378 1,341 696 1,86 1,186 China 4,534 42,574 45,23 47,382 46,832 46,182 India 2,5 23,5 25,1 25,44 24,44 23,44 Indonesia 6,577 7,131 7,43 6,476 6,681 6,181 Japan 2,693 2,712 2,747 2,742 2,824 2,824 Philippines 3,52 2,459 1,59 1,487 2,527 3,327 Thailand 6,1 5,615 9,33 12,88 13,88 13,78 12,74 12,728 13,8 11,952 12,18 11,827 93,434 98,97 15,461 18,983 11,36 18,675 1,184 1,514 1,33 1,156 944 1,97 94,618 99,611 16,764 11,139 111,25 19,772 Note: All data are reported on a milled basis.
Regional Rice Imports, Production, Consumption, and Stocks Thousand Metric Tons 29/1 21/11 211/12 212/13 213/14 May 214/15 TY Imports North America 1,495 1,654 1,664 1,772 1,8 1,825 Caribbean 969 1,99 845 98 1,25 1,15 South America 1,354 1,396 1,896 1,78 1,847 1,97 Other Europe 116 128 114 125 13 13 Former Soviet Union - 12 41 366 456 452 491 441 Middle East 5,88 6,99 6,455 6,921 6,685 6,755 North Africa 355 381 777 487 495 52 Sub-Saharan Africa 8,28 9,865 12,19 11,615 12,59 12,75 East Asia 1,96 2,444 4,389 5,349 4,95 5,46 South Asia 1,16 1,864 737 712 93 74 Southeast Asia 5,491 6,418 5,488 3,611 5,455 4,85 2,118 2,314 2,158 2,185 2,245 2,125 Total 29,291 34,28 37,169 35,917 38,643 38,518 Production North America 7,315 7,739 5,979 6,467 6,248 6,944 Caribbean 97 943 1,2 974 1,4 1,53 South America 15,664 17,197 15,215 15,88 16,616 16,522-28 2,176 2,172 2,11 2,86 1,942 1,963 Former Soviet Union - 12 1,144 1,321 1,294 1,294 1,25 1,2 Middle East 2,49 2,131 2,17 2,135 2,33 2,349 North Africa 4,598 3,139 4,289 4,74 4,919 4,9 Sub-Saharan Africa 11,452 13,299 12,85 12,533 12,846 13,8 East Asia 151,828 151,636 155,342 157,618 157,373 158,781 South Asia 132,878 138,116 151,656 15,995 152,75 153,92 Southeast Asia 11,63 111,8 113,649 115,432 117,448 118,61 81 1,245 1,364 1,55 1,372 1,46 Total 44,947 449,946 466,92 471,596 476,89 48,719 Domestic Consumption North America 5,158 5,43 4,669 4,927 5,177 5,335 Central America 1,119 1,19 1,156 1,185 1,226 1,231 Caribbean 1,89 2,55 1,997 1,959 2,66 2,73 South America 14,858 14,427 14,18 14,379 14,722 14,853-28 3,2 3,25 3,3 3,25 3,2 3,2 Former Soviet Union - 12 1,327 1,425 1,422 1,474 1,58 1,441 Middle East 7,781 8,293 8,63 8,778 8,995 9,15 North Africa 4,319 3,677 4,45 4,422 4,59 4,56 Sub-Saharan Africa 19,795 21,584 23,677 24,322 25,466 25,6 East Asia 15,349 151,568 155,911 16,239 162,487 164,355 South Asia 126,275 13,792 136,823 137,651 14,285 142,54 Southeast Asia 98,87 98,53 99,148 11,968 12,616 14,221 69 634 661 757 71 555 Total 435,55 442,774 455,592 465,311 472,967 479,114 Ending Stocks North America 1,322 1,734 1,455 1,345 1,154 1,322 Central America 246 249 273 265 268 273 Caribbean 132 122 157 14 13 98 South America 1,927 2,22 1,69 1,423 1,779 1,94-28 1,14 1,215 1,117 1,145 1,37 1,1 Middle East 1,634 1,731 1,526 1,838 1,748 1,642 North Africa 498 122 487 427 532 517 Sub-Saharan Africa 672 1,36 2,212 1,96 1,581 1,486 East Asia 45,98 46,69 48,874 51,177 5,716 5,2 South Asia 22,561 25,342 27,511 27,19 26,49 25,59 Southeast Asia 19,186 18,599 21,369 23,184 25,671 25,71 Oceania 46 27 4 12 73 88 156 2 134 186 179 184 Total 94,618 99,611 16,764 11,139 111,25 19,772 NOTES: Regional definitions appear on last page of this circular. Imports are reported on a trade year basis. All other data are reported using local marketing years.
COARSE GRAINS: WORLD MARKETS AND TRADE MMT 1,3 Lower Coarse Grain Production, Still Exceeds Consumption MMT 135 Coarse Grain Trade Unchanged 1,2 1,1 125 1, 115 9 8 15 7 95 85 Production Consumption OVERVIEW FOR 214/15 Global coarse grain production is forecast to fall slightly as crops in the, Canada, and Ukraine are all forecast down. These declines more than offset record production in the and China. With global coarse grain consumption forecast to expand by just 16 million tons (almost entirely corn for feed), stocks will grow slightly mainly as larger stocks in the offset lower stocks elsewhere. Coarse grain trade is nearly unchanged. Global corn production is forecast at a record 979 million tons, nearly unchanged from last year. Larger projected crops in China, Argentina, and Sub-Saharan Africa more than offset smaller production in Ukraine and India. U.S. production is about unchanged from last year s record. Although U.S. consumption is down, global consumption is projected to rise 17 million tons to a record 966 million, driven largely by China. Corn used for ethanol in the is unchanged from this year s record and up slightly from the high 4 years ago. Global ending stocks are forecast up, as U.S. stocks are forecast to surge 5 percent to a 9-year high of 44 million tons. World corn imports are expected to be slightly weaker, with less demand coming from China and Mexico. World barley production is forecast to drop sharply to more normal levels after last year s huge harvest. The trade is forecast unchanged. Global sorghum production and trade are forecast slightly higher. Robust demand from China is expected to continue as imported sorghum is lower priced than domestic corn and there are fewer import restrictions on sorghum. However, future Chinese demand remains highly uncertain as imports are dependent on overall feed grain demand, domestic production, and internal policies. Grain: World Markets and Trade, 17
HIGHLIGHTS FOR 214/15 Selected Exporters Despite a record crop, U.S. corn is forecast at 43. million tons, down 5. million, due to continued strong competition from South America. The season-average farm price is down to a range of $3.85 to $4.55/bushel, with the mid-point 45 cents lower than the current season estimate. 2 15 1 5 Global Corn Ending Stocks Rise MMT Argentine corn is up sharply (7. million tons) to 17. million. A late All others harvest in 214 is expected to result in a larger proportion of old-crop being shipped after October 1 than in a typical year. Brazilian corn is raised 5, tons to 21.5 million because of abundant supplies and another expected bumper harvest. South African corn is 3, tons higher at 2.3 million because of large exportable supplies from the current harvest. Ukrainian corn is forecast at 16. million tons, 3. million lower than last year, based on an expected smaller crop. Argentine barley is down 5, tons to 2.5 million on sharply lower crop prospects. Australia is forecast to tumble from its position as the world s largest barley exporter, with shipments falling by 1. million tons to 4.7 million on sharply lower exportable supplies. Canadian barley is expected to drop 6, tons to 1.2 million on reduced crop prospects. EU is forecast to be the world s largest barley exporter with shipments up 1.4 million tons to 5.5 million on reduced competition. Russian barley is boosted sharply by 1.2 million tons to 3.5 million on greater exportable supplies and diminished competition. Ukrainian barley is reduced 3, tons to 2. million on smaller exportable supplies and less demand from Saudi Arabia. Grain: World Markets and Trade, 18
Argentine sorghum is boosted 8, tons to 2. million on larger exportable supplies and strong demand from China. U.S. sorghum is forecast down 7, tons to 4. million on a smaller crop and strong Argentine competition. Selected Importers Chinese corn is projected 1.5 million tons lower at 3. million because of high domestic stocks, government incentives to purchase domestically, and uncertainty regarding imports of new varieties of genetically modified corn. Egyptian corn is projected at 6.5 million tons, unchanged from last year because of large carryin stocks, despite expected growth in demand for feed from the poultry sector. EU corn is forecast unchanged from last year at a robust 13. million tons. Abundant global supplies of corn and strong forecast EU wheat exports are expected to maintain corn as a competitively priced feed ingredient. Japanese corn is forecast up 5, tons to 16. million based on less usage of feedquality wheat and sorghum. Mexican corn is down 6, tons to 1.9 million on a larger crop. South Korean corn is projected unchanged at 9.5 million tons as growth in feed grain demand for poultry is offset by sluggish demand from the pork sector. Chinese sorghum is raised 3, tons to 3.7 million on strong feed demand; however, barley is cut 3, tons to 3. million with less demand for feed barley. Japanese barley is expected to remain steady at 1.3 million tons. Saudi barley is forecast to drop 5, tons to a more typical level of 7.5 million tons as large carryin stocks sustain strong growth in feed use. OVERVIEW FOR 213/14 Global corn production is up but consumption is down slightly. Trade is slightly higher, as stronger demand from EU, Iran, and Chile more than offsets weaker demand from China. U.S. exports are boosted sharply, more than replacing smaller exports from Argentina (and minor exporters). The season-average farm price is raised slightly. Grain: World Markets and Trade, 19
325 Corn Daily Export Bids 3 $/MT 275 25 225 2 175 U.S. Gulf Black Sea Brazil Paranagua Argentina Up River PRICES: U.S. corn quotes have moved up nearly $7 to $238/ton since the release of the April WASDE report on weather-delayed plantings and strong exports. Argentine prices are also up similarly but continue at only a small discount to U.S. corn. Ukrainian prices are maintaining a substantial premium to U.S., fueled by uncertainty over the present political situation and slow farmer selling. Brazilian corn remains unquoted for nearby positions. TRADE CHANGES IN 213/14 Selected Exporters U.S. corn is up sharply by 3. million tons to 48. million because of continued brisk shipments and large outstanding export sales. Argentine corn is cut 2. million tons to 1. million on slow sales and shipments, and strong competition from the and Brazil. Canadian corn is cut 3, tons to 1.2 million based on the pace of shipments; however, barley is boosted 3, tons to 1.8 million as logistics improve. Russian corn is up 3, tons to 3.5 million on the strong pace of shipments. Thai corn is doubled to 1. million tons on the strong pace of shipments especially to the Philippines. (Philippine corn imports are doubled to a record 6, tons.) Grain: World Markets and Trade, 2
EU barley is lowered 4, tons to 4.1 million as old-crop shipments begin to slow. Argentine sorghum is cut 3, tons to 1.2 million on a sluggish pace of exports. Selected Importers Chilean corn is up 4, tons to 1.5 million because of a smaller crop and strong purchases. Chinese corn is cut 5, tons to 4.5 million based on the continued cancellation of U.S. sales. EU corn is boosted 1. million tons to 13. million based on the continued strong pace of import licenses (and higher wheat exports). Iranian corn is raised 5, tons to 5. million on the pace of shipments to date (barley is halved to 5, tons). Turkish corn is boosted 35, tons to 1. million based on strong recent shipments and reports of tight new-crop supplies. Chinese barley is raised 5, tons to a record 3.3 million because of reported purchases and strong shipments from Australia. Chilean and Colombian sorghum are down a combined 5, tons to 15, and 25,, respectively, on sluggish exports from Argentina. Grain: World Markets and Trade, 21
World Coarse Grain Trade October/September Year, Thousand Metric Tons 29/1 21/11 211/12 212/13 213/14 214/15 May TY Exports 21,55 14,25 29,496 22,37 18,628 19,29 Argentina 5,925 6,625 6,395 7,279 4,897 4,414 Australia 21,51 21,1 26,78 12,677 11,591 8,627 Brazil 4,6 4,9 4,669 3,853 4,427 3,7 Canada 7,755 6,53 8,914 7,177 5,865 4,293 2,65 3,25 5,541 4,858 3,437 2,72 India 7,11 5,885 4,365 5,997 1,29 2,526 Russia 2,31 1,825 628 2,345 2,13 1,366 Serbia 2,325 2,25 2,413 1,851 2,857 1,634 South Africa 18,16 21,48 15,527 17,447 7,49 1,977 Ukraine 7,12 7,64 7,529 7,465 4,54 6,877 1,97 95,375 111,555 93,256 66,774 64,885 47,285 53,35 2,589 4,191 49,183 53,922 148,255 148,41 132,144 133,447 115,957 118,87 TY Imports 3,91 4,1 3,28 3,691 2,949 2,576 Algeria 1,25 1,25 1,24 1,211 65 1,49 Brazil 1,625 1,725 1,327 1,523 1,271 1,275 Chile 9,8 11,3 5,64 7,924 2,697 3,777 China 4,73 4,63 4,16 4,13 4,155 4,12 Colombia 1,2 1,1 1,46 1,54 999 1,98 Dominican Republic 6,53 6,555 5,96 7,25 5,84 5,897 Egypt 13,35 13,35 11,766 6,98 8,635 2,837 2,6 2,8 2,719 1,724 3,41 1,321 Indonesia 5,8 5,5 4,8 5,7 4, 5,1 Iran 1,865 1,74 1,564 1,53 1,446 1,592 Israel 18,9 18,5 17,743 17,73 18,59 19,19 Japan 1,3 1,2 1,22 1,158 917 713 Jordan 9,59 9,59 8,265 7,726 8,168 8,59 Korea, South 1,25 1,15 1,22 829 543 1,238 Libya 3,4 3,2 3,48 3,39 2,89 3,17 Malaysia 11,4 11,9 7,623 12,819 1,76 1,872 Mexico 2,6 2,4 1,831 2,479 2,59 2,194 Morocco 2,425 2,425 2,44 1,928 2,79 1,886 Peru 1,5 1,325 12,39 1,485 8,138 9,76 Saudi Arabia 1, 75 767 1,282 1,959 2,274 Syria 4,35 4,35 4,398 4,478 4,277 4,644 Taiwan 1,8 1,15 1,922 782 496 655 Turkey 2,6 2,6 2,146 2,596 1,251 2,198 Venezuela 2, 2,2 1,7 1,6 1, 1,6 Vietnam 15,33 15,336 13,862 14,92 13,895 14,217 14,52 14,946 123,69 126,721 112,624 112,997 4,635 4,214 2,612 3,586 884 3,535 Unaccounted 3,1 3,25 6,463 3,14 2,449 2,275 148,255 148,41 132,144 133,447 115,957 118,87 TY=Trade Year, see Endnotes.
World Coarse Grains Production, Consumption, and Stocks Local Marketing Years, Thousand Metric Tons 29/1 21/11 211/12 212/13 213/14 214/15 May Production 35,166 33,465 37,246 3,15 33,258 3,231 Argentina 11,87 12,447 11,166 12,257 11,485 1,935 Australia 77,113 78,113 84,253 75,884 6,38 58,182 Brazil 23,65 28,735 24,427 22,921 22,668 22,78 Canada 226,58 224,31 212,192 198,635 183,771 169,775 China 13,5 13,5 12,286 12,264 11,193 9,145 Ethiopia 152,238 158,341 146,73 149,881 142,829 157,547 4,7 4,84 39,94 42,25 43,37 33,89 India 9,2 9,1 8,5 8,85 6,8 6,9 Indonesia 3,14 29,84 28,881 25,689 29,226 27,273 Mexico 19,2 19,2 18,573 17,421 2,72 2,48 Nigeria 37,5 35,735 28,658 33,77 16,416 31,843 Russia 14,43 14,553 12,873 13,268 11,31 13,873 South Africa 11,375 13,75 1,595 11,299 1,184 11,176 Turkey 34,3 39,918 29,527 33,476 21,53 24,185 Ukraine 153,113 148,857 146,923 146,2 144,15 141,179 888,59 899,579 852,113 833,297 769,263 769,394 368,588 369,431 286,5 323,728 33,236 348,755 1,257,178 1,269,1 1,138,118 1,157,25 1,99,499 1,118,149 Domestic Consumption 13,631 12,795 12,5 1,51 11,33 1,54 Argentina 59,93 58,378 55,83 53,653 52,548 49,514 Brazil 2,92 22,14 2,262 2,28 21,21 22,746 Canada 235,3 224,875 29,671 196,192 188,448 173,251 China 12,978 12,78 12,65 12,736 13,332 12,96 Egypt 13,15 13,15 12,15 11,85 1,7 9,524 Ethiopia 16,7 162,295 153,295 151,46 154,642 152,412 38,85 36,45 35,275 37,75 38,85 32, India 19,1 18,7 18,3 17,99 18,875 19,645 Japan 4,94 39,885 36,195 37,985 39,785 4,815 Mexico 19,3 19,15 18,7 17,321 2,67 2,28 Nigeria 3,9 29,319 25,134 27,728 18,131 3,44 Russia 12,23 11,81 11,61 11,25 11,26 1,826 South Africa 13,83 13,43 12,955 11,755 11,75 1,865 Turkey 16,585 16,37 14,661 15,559 13,772 12,994 Ukraine 231,189 223,384 218,562 213,62 26,951 22,477 941,161 923,672 861,24 866,172 831,99 818,611 39,35 311,2 276,268 29,47 298,57 295,44 1,25,466 1,234,692 1,137,292 1,156,219 1,13,47 1,114,15 Ending Stocks 5,498 4,458 2,483 1,337 5,597 3,36 Argentina 13,894 15,489 14,559 9,821 1,836 1,33 Brazil 3,669 5,589 3,84 3,395 3,549 5,534 Canada 79,946 78,991 68,386 6,37 5,134 52,32 China 11,676 13,958 12,837 15,579 16,733 26,227 3,54 3,64 3,281 3,89 3,576 5,366 South Africa 3,946 4,336 2,33 2,421 2,149 2,217 Ukraine 41,554 45,516 38,983 44,15 42,98 45,272 163,687 171,941 145,943 14,828 135,554 15,257 46,817 31,851 23,531 27,82 32,288 48,133 21,54 23,792 169,474 168,648 167,842 198,39
Regional Coarse Grains Imports, Production, Consumption, and Stocks Thousand Metric Tons 29/1 21/11 211/12 212/13 213/14 May 214/15 TY Imports North America 15,158 14,265 16,723 14,69 15,585 15,35 Central America 2,534 2,9 2,769 2,47 3,1 3,2 Caribbean 2,166 2,193 2,159 2,327 2,385 2,51 South America 11,19 1,536 11,968 11,822 13,15 13,2-28 2,837 8,635 6,98 11,766 13,35 13,35 Former Soviet Union - 12 456 1,139 1,38 725 9 88 Middle East 21,263 18,69 23,362 24,943 22,925 24,26 North Africa 13,17 12,349 15,32 13,37 15,365 15,24 Sub-Saharan Africa 2,788 2,44 3,238 2,67 3,95 2,885 East Asia 36,249 33,888 38,4 36,163 43,87 42,77 Southeast Asia 6,725 7,558 7,317 8,58 9,48 9,28 88 876 1,19 942 1,135 1,55 Total 115,272 115,73 129,861 129,532 144,196 143,62 Production North America 398,88 382,13 372,338 339,313 428,6 421,793 South America 11,826 16,37 117,979 135,54 124,723 126,346-28 157,547 142,829 149,881 146,73 158,341 152,238 Other Europe 9,725 9,996 9,497 6,584 9,434 9,456 Former Soviet Union - 12 67,674 47,56 78,657 69,136 88,714 83,881 Middle East 18,98 19,559 2,382 18,215 2,945 18,688 North Africa 14,727 12,159 11,142 1,129 11,657 11,389 Sub-Saharan Africa 94,58 99,93 1,1 14,528 11,812 15,74 East Asia 171,82 185,731 2,748 214,647 226,756 229,88 South Asia 4,773 5,624 5,314 48,598 49,688 49,548 Southeast Asia 25,451 26,374 28,379 29,138 3,978 31,676 Oceania 11,642 12,3 12,813 11,834 13,88 12,467 4,668 4,621 4,795 4,869 4,868 4,868 Total 1,118,149 1,99,499 1,157,25 1,138,118 1,269,1 1,257,178 Domestic Consumption North America 358,965 359,43 348,312 332,725 373,45 371,165 South America 79,554 84,12 85,318 89,487 93,833 96,971-28 152,412 154,642 151,46 153,295 162,295 16,7 Other Europe 8,724 8,714 8,374 7,14 7,847 7,971 Former Soviet Union - 12 55,33 41,822 54,333 51,7 57,966 59,531 Middle East 38,729 38,54 4,949 42,569 43,826 45,376 North Africa 24,514 25,39 25,266 24,636 26,12 27,26 Sub-Saharan Africa 92,934 98,828 98,484 14,473 12,34 15,33 East Asia 28,14 221,781 228,692 243,25 259,956 27,811 South Asia 38,954 46,64 45,658 43,484 45,23 47,629 Southeast Asia 31,175 33,139 34,612 35,867 37,32 39,2 Oceania 7,761 7,495 6,518 5,857 6,318 6,417 9,438 9,698 9,692 9,634 1,123 1,423 Total 1,16,27 1,129,276 1,137,668 1,143,226 1,225,868 1,247,974 Ending Stocks North America 55,62 37,878 33,72 28,239 4,419 53,565 South America 17,499 2,42 13,958 19,133 22,243 21,573-28 26,227 16,733 15,579 12,837 13,958 11,676 Other Europe 1,446 1,455 1,23 611 1,282 1,37 Former Soviet Union - 12 7,399 5,481 6,24 5,167 8,235 7,315 Middle East 9,273 8,87 1,492 9,775 1,899 8,376 North Africa 5,265 4,784 5,447 3,756 4,723 4,72 Sub-Saharan Africa 1,827 1,614 11,616 11,17 1,625 1,55 East Asia 55,795 53,42 63,41 71,61 81,61 82,523 South Asia 1,976 3,71 2,959 2,83 4,88 3,272 Southeast Asia 3,379 3,58 3,61 3,225 3,973 4,269 Oceania 2,87 1,583 978 987 872 1,7 877 88 813 773 874 999 Total 198,39 167,842 168,648 169,474 23,792 21,54 NOTES: Regional definitions appear on last page of this circular. Imports are reported on a trade year basis. All other data are reported using local marketing years.
World Corn Trade October/September Year, Thousand Metric Tons 29/1 21/11 211/12 212/13 213/14 214/15 May TY Exports 17, 1, 22,789 16,51 15,198 16,973 Argentina 21,5 21, 26,44 12,674 11,582 8,623 Brazil 1,5 1,2 1,813 494 1,658 186 Canada 2, 2, 2,193 3,287 1,96 1,569 2,5 3, 4,768 4,674 3,376 1,917 India 2,1 2, 2,858 2,188 1,21 1,359 Paraguay 3,5 3,5 1,917 2,27 37 427 Russia 2,3 1,8 61 2,331 2,4 1,343 Serbia 2,3 2, 2,398 1,831 2,839 1,586 South Africa 16, 19, 12,726 15,157 5,8 5,72 Ukraine 4,24 4,845 4,144 4,17 2,548 3,997 74,94 7,345 82,251 65,334 46,547 43,52 43, 48, 18,275 38,428 45,135 49,696 117,94 118,345 1,526 13,762 91,682 92,748 TY Imports 3,5 3,5 2,99 3,23 2,683 2,569 Algeria 8 8 871 937 287 699 Brazil 1,3 1,5 844 96 526 663 Chile 3, 4,5 2,72 5,231 979 1,296 China 4,2 4,1 3,264 3,29 3,511 3,651 Colombia 9 9 911 746 838 736 Cuba 1,2 1,1 1,46 1,54 999 1,98 Dominican Republic 6,5 6,5 5,59 7,154 5,83 5,832 Egypt 13, 13, 11,351 6,113 7,385 2,758 85 75 678 691 676 651 Guatemala 2,6 2,8 2,719 1,724 3,41 1,321 Indonesia 4,8 5, 3,7 4, 3,5 4,3 Iran 1,5 1,4 1,224 1,221 1,29 1,53 Israel 16, 15,5 14,412 14,892 15,648 15,971 Japan 9,5 9,5 8,174 7,636 8,17 8,461 Korea, South 3,4 3,2 3,48 3,39 2,89 3,17 Malaysia 1,9 11,5 5,676 11,172 8,252 8,298 Mexico 2, 1,9 1,684 1,943 1,738 1,82 Morocco 2,3 2,3 2,254 1,772 1,939 1,782 Peru 2,5 2,3 2,63 1,816 1,933 1,872 Saudi Arabia 4,2 4,2 4,232 4,341 4,134 4,521 Taiwan 85 85 846 853 677 866 Tunisia 1,5 1, 1,656 729 453 499 Turkey 2,6 2,6 2,146 2,596 1,251 2,198 Venezuela 2, 2,2 1,7 1,6 1, 1,6 Vietnam 11,81 11,44 9,388 11,565 11,99 12,219 113,71 114,34 94,557 1,413 9,297 89,823 3,48 3,25 1,745 2,584 71 2,688 Unaccounted 75 8 4,224 765 684 237 117,94 118,345 1,526 13,762 91,682 92,748 TY=Trade Year, see Endnotes.
World Corn Production, Consumption, and Stocks Local Marketing Years, Thousand Metric Tons 29/1 21/11 211/12 212/13 213/14 214/15 May Production 26, 24, 27, 21, 25,2 25, Argentina 74, 75, 81,5 73, 57,4 56,1 Brazil 12,5 14,2 13,6 11,359 12,43 9,796 Canada 22, 217,73 25,614 192,78 177,245 163,974 China 6,5 6,5 6,158 6,69 4,895 3,9 Ethiopia 64,647 64,573 58,866 68,118 58,265 59,147 22, 23, 22,26 21,76 21,73 16,72 India 9,2 9,1 8,5 8,85 6,8 6,9 Indonesia 22,5 21,9 21,591 18,726 21,58 2,374 Mexico 7,7 7,7 7,63 9,25 8,8 8,95 Nigeria 7,9 7,7 7,261 7,13 7,271 6,231 Philippines 12,5 11,635 8,213 6,962 3,75 3,963 Russia 6,5 6,4 3,75 6,4 6,8 6,4 Serbia 13,5 14, 12,365 12,759 1,924 13,42 South Africa 26, 3,9 2,922 22,838 11,919 1,486 Ukraine 93,666 9,966 9,274 88,383 86,364 81,711 625,113 625,34 594,964 575,384 519,789 493,72 353,965 353,715 273,832 313,949 316,165 332,549 979,78 979,19 868,796 889,333 835,954 825,621 Total Consumption 9, 8,3 7,9 7, 7,3 6,9 Argentina 56,5 55, 52,5 5,5 49,5 47, Brazil 12,2 12,2 11,65 11,636 11,761 11,868 Canada 222, 212, 2, 188, 18, 165, China 12,1 11,9 11,7 11,7 12,5 12, Egypt 76, 74,5 69,6 69,5 64,9 61,3 2,3 19,1 17,5 17,2 18,1 15,1 India 11,9 11,5 1,9 1,5 9,8 8,8 Indonesia 16, 15,5 14,5 14,9 15,7 16,3 Japan 9,6 9,6 8,481 7,815 8,214 8,382 Korea, South 32,75 31,5 27, 29, 29,5 3,2 Mexico 8,4 7,9 7,4 7,4 7,2 6,5 Philippines 8,7 8,1 6,4 4,7 3,2 3,7 Russia 11,4 11,2 11, 1,7 1,65 1,3 South Africa 1,4 9,9 8,1 7,8 6,5 5,7 Ukraine 15,261 145,936 141,259 14,35 133,552 128,783 668,961 65,699 61,599 65,781 567,325 544,855 296,812 298,83 263,641 279,35 285,123 281,615 965,773 948,782 865,24 884,816 852,448 826,47 Ending Stocks 4,35 3,25 1,315 899 4,41 2,484 Argentina 13,25 14,95 14,15 9,212 1,278 9,991 Brazil 78,6 77,7 67,57 59,335 49,415 51,32 China 5,81 6,163 5,9 6,666 5,222 5,568 2,611 2,461 1,61 1,316 1,112 1,389 Mexico 3,341 3,416 3,91 3,676 3,418 5,169 South Africa 2,891 3,241 1,191 1,51 1,121 672 Ukraine 27,338 28,348 23,858 27,352 26,861 26,651 137,876 139,34 117,326 19,57 11,468 13,226 43,851 29,118 2,859 25,122 28,644 43,38 181,727 168,422 138,185 134,629 13,112 146,66
Regional Corn Imports, Production, Consumption, and Stocks Thousand Metric Tons 29/1 21/11 211/12 212/13 213/14 May 214/15 TY Imports North America 1,496 9,92 12,684 1,393 12,7 12,15 Central America 2,534 2,889 2,766 2,47 3, 3,2 South America 9,469 8,372 9,886 9,643 11,67 11,62-28 2,758 7,385 6,113 11,351 13, 13, Former Soviet Union - 12 259 329 328 324 415 415 Middle East 11,187 9,942 1,686 1,738 11,925 12,825 North Africa 11,725 11,265 13,799 11,145 13,4 13,55 Sub-Saharan Africa 1,821 1,547 2,581 2,5 2,565 2,39 East Asia 3,378 29,24 32,282 29,673 33,83 32,83 Southeast Asia 6,79 7,541 7,34 8,4 9,46 9,26 Caribbean 2,166 2,193 2,159 2,327 2,385 2,51 558 574 59 672 79 71 Total 9,6 9,981 11,178 98,781 115,14 114,46 Production North America 362,719 349,266 344,34 38,483 389,815 388,965 South America 92,518 93,15 13,988 119,769 19,88 111,67-28 59,147 58,265 68,118 58,866 64,573 64,647 Other Europe 7,96 8,291 7,81 4,915 7,69 7,736 Former Soviet Union - 12 17,727 18,434 34,121 32,356 47,14 42,71 Middle East 6,35 6,448 7,164 6,33 6,946 6,688 North Africa 6,486 6,78 5,722 5,891 6,1 5,951 Sub-Saharan Africa 54,813 57,86 62,11 6,719 61,11 62,596 East Asia 165,687 178,955 194,585 27,76 219,859 222,199 South Asia 22,282 27,663 28,536 29,75 3,46 29,46 Central America 3,542 3,549 3,698 3,74 3,743 3,743 Southeast Asia 25,212 26,135 28,138 28,893 3,733 31,431 1,223 1,23 1,318 1,369 1,24 1,282 Total 825,621 835,954 889,333 868,796 979,19 979,78 Domestic Consumption North America 323,683 326,384 319,671 32,246 341,783 341,762 South America 7,539 73,823 75,21 78,431 82,695 85,52-28 61,3 64,9 69,5 69,6 74,5 76, Other Europe 6,694 6,741 6,392 5,194 5,845 5,985 Former Soviet Union - 12 12,965 13,185 16,42 18,85 22,135 23,26 Middle East 16,885 16,885 17,348 18,81 18,41 19,835 North Africa 17,65 18,525 18, 18,15 18,8 19,35 Sub-Saharan Africa 52,468 56,518 6,416 6,42 61,6 61,586 East Asia 196,111 29,87 217,47 229,434 243,55 254,35 South Asia 2,675 23,981 23,77 24,48 26,27 27,67 Southeast Asia 3,943 32,893 34,357 35,69 37,6 38,76 Central America 6,25 6,375 6,425 6,2 6,625 6,825 3,285 3,42 3,369 3,556 3,585 3,735 Total 819,448 853,5 867,736 869,486 942,219 964,323 Ending Stocks North America 46,5 31,19 27,83 23,469 34,328 48,511 South America 16,396 18,56 12,68 17,193 19,98 19,38-28 5,568 5,222 6,666 5,9 6,163 5,81 Other Europe 1,24 1,212 771 353 1,18 1,29 Former Soviet Union - 12 1,536 1,94 2,445 2,5 4,379 4,39 Middle East 4,49 3,918 4,548 3,541 3,67 3,19 North Africa 2,258 2,12 2,96 1,969 2,46 2,61 Sub-Saharan Africa 9,52 8,732 9,428 8,699 8,524 8,759 East Asia 54,19 52,82 61,836 69,729 79,813 8,77 South Asia 1,298 1,549 1,68 2,8 3,37 2,51 Southeast Asia 3,376 3,54 3,58 3,22 3,968 4,264 Central America 554 547 564 57 6 693 346 265 262 285 284 36 Total 146,66 13,112 134,629 138,185 168,422 181,727 NOTES: Regional definitions appear on last page of this circular. Imports are reported on a trade year basis. All other data are reported using local marketing years.
World Barley Trade October/September Year, Thousand Metric Tons 29/1 21/11 211/12 212/13 213/14 214/15 May TY Exports 2,5 3, 3,647 3,631 1,531 549 Argentina 4,7 5,7 4,621 5,819 4,88 3,846 Australia 1,2 1,8 1,316 1,437 1,52 1,23 Canada 5,5 4,1 6,473 3,646 4,581 2,368 1 2 542 52 3 31 India 4 4 151 659 224 354 Kazakhstan 15 15 2 5 1 45 Moldova 3,5 2,3 2,366 3,668 969 2,86 Russia 1 25 26 14 9 22 Serbia 2, 2,3 2,659 2,166 2,446 5,752 Ukraine 5 65 151 12 35 853 19,93 19,95 21,972 21,217 14,975 17,19 25 3 162 179 181 152 2,18 2,25 22,134 21,396 15,156 17,261 TY Imports 4 5 364 479 262 6 Algeria 1 5 25 1 25 5 Belarus 4 4 369 274 362 346 Brazil 3, 3,3 2,184 2,541 1,656 2,341 China 275 275 25 31 251 237 Colombia 1, 5 1,1 1,7 5 8 Iran 3 275 244 276 287 491 Israel 1,3 1,3 1,356 1,257 1,359 1,411 Japan 75 75 831 75 544 432 Jordan 4 4 4 376 317 283 Kuwait 55 5 573 183 179 582 Libya 1 1 47 144 26 42 Mexico 6 5 147 536 222 248 Morocco 1 1 13 97 83 73 Peru 2 3 278 372 411 13 Russia 7,5 8, 1,2 8,6 6,2 7,2 Saudi Arabia 5 25 3 2 3 25 Syria 1 4 764 218 281 336 Tunisia 3 15 266 46 39 156 Turkey 55 55 55 524 334 299 United Arab Emirates 935 9 951 1,428 1,265 81 19,36 19,5 21,32 2,42 14,93 16,397 32 255 41 525 15 562 Unaccounted 5 45 431 469 148 32 2,18 2,25 22,134 21,396 15,156 17,261 TY=Trade Year, see Endnotes.