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IGC lowered the forecast of world corn production by 3 million tons
On the day the international Grains Council (IGC) published a new report which estimated the global corn production in 2016-17 MG at the level of 1.027 billion tons
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Before waiting for the harvest was 3 million tonnes higher. In the previous season, the total harvest of the grain in the world amounted to 970 million tons. In the 2014-15 year farmers all over the world gathered around 1,018 billion tons of crops.

The consumption of corn in the current report is forecasted to 1,019 billion tons. Thus, the forecast of consumption of corn in the world has not changed. Compared to the previous year, the amount of use of grain of this type in the world will increase by 51 million tons (968 million tons).

The trade volume of maize on the world market in the period under review, according to the current IGC report, may amount to 132 million tons. Previously, prospects were more modest 1 million tons. In the previous season the figure was fixed at 136 million tons.

Carry-over grain reserves of this type in the world next season, according to an updated report will be 216 million tons. It is inferior to the previous expectations of 2 million tonnes. A year earlier, ending stocks of corn in the world was 8 million tons lower. We will remind, in the 2014-15 season carryover stocks also amounted to 207 million tons.



Translated by service "Yandex.Translation"
Источники: Agro2b
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