2022/23 Grain Consumption Exceeds Production, Stocks Tighten

15.05.2022 16:37 "Agro Perspectiva" (Kyiv) — According to the report of the USDA Grain: World Markets and Trade (May 2022), global corn production is forecast down, driven primarily by a cut in Ukraine and the United States, but China and the European Union are expected to have smaller crops as well. However, if realized, Argentina and Brazil will again have record production. Global trade falls in the absence of Ukraine’s exportable supplies. For global consumption, both feed and non-feed uses are expected to decline very modestly. Ending stocks are forecast down, led by reductions in China and the United States.

Global wheat production is forecast down with smaller crops in Ukraine, Australia, Morocco, Argentina, the European Union, and China. Overall consumption is down with lower feed and residual use only partially offset by higher Food, Seed, and Industrial (FSI) use. Feed use is expected lower, especially in Australia, China, and the European Union due to smaller domestic crops. Food consumption continues to rise due to population growth. Global ending stocks are forecast down, with smaller carryout in China, India, and most major exporters. Trade is forecast at a record with stronger imports across Africa, Southeast Asia, and

the Western Hemisphere.

Global rice production is forecast at a record with larger crops in South and Southeast Asia, including India, Indonesia, Bangladesh, Thailand, and Pakistan. Global consumption is expected to rise, also a record, primarily in India, China, and Sub- Saharan Africa. Global trade is forecast higher with India expected to remain the top exporter, but exports are also up significantly for Thailand and Pakistan. China will be the top importer, driven by record consumption. Global stocks are down to a three-year low as consumption grows faster than production and China continues to auction its large government stockpile.

AGRO PERSPECTIVA offers Agro + «Ukrainian Grain & Oilseed Market» weekly analytical bulletin.

Concerning subscription please contact: client@agroperspectiva.com or +380675964652 (WhatsApp, Viber, Telegram).

28.06.2022
	08:35	Export prices for milling wheat again fell slightly
27.06.2022
	09:50	No concrete agreements on holding talks with participation of Ukraine, Russia, Turkey, UN on grain export – MFA
20.06.2022
	20:32	Coca-Cola to cease production and sales in Russia
14.06.2022
	16:27	Afghanistan: FAO and the World Bank step up their response to the worsening food security $195 million emergency project aims to provide critical life-saving and livelihood assistance to smallholder farmers
	13:32	Ukraine calls on other countries to abandon export restrictions - trade representative
13.06.2022
	12:26	India bans wheat exports to ensure sufficient domestic food grain supply
03.06.2022
	10:28	Thailand Sugar Production and Exports Continue to Rebound
02.06.2022
	11:11	Global rapeseed supplies in 2022/23 are projected to a record 100.5 MMT
31.05.2022
	12:51	Global soybean production in 2022/23 is forecast at a record 394.7 MMT
24.05.2022
	09:05	Global soybean production in 2022/23 is forecast at a record 394.7 MMT
17.05.2022
	15:00	Ukraine rapeseed production is forecast to rise despite the ongoing hostilities
	10:49	2021/22 Indonesia Palm Oil Exports Slashed
16.05.2022
	15:45	Astarta Completed Spring Planting 2022
15.05.2022
	16:37	2022/23 Grain Consumption Exceeds Production, Stocks Tighten
11.05.2022
	14:31	EBRD to play key role in support of Ukraine, President says
09.05.2022
	11:15	Vegetable oil and maize prices slightly decrease after recent surge, while rice, meat, dairy and sugar prices slightly increase and global trade prospects dim
29.04.2022
	14:03	BASF achieves strong EBIT before special items despite significantly higher energy and raw materials prices
28.04.2022
	17:52	EU takes steps to suspend all duties on imports from Ukraine
	16:27	BASF to wind down activities in Russia and Belarus except for business that supports food production
27.04.2022
	13:54	EBRD enhances trade finance for Ukraine
	09:11	Coca-Cola will provide assistance to Ukraine for up to $15 mln
26.04.2022
	20:35	Indonesia. Despite the expected increase in production, imports of raw sugar are also forecast to increase
	19:43	Australia is expected to produce another big grain crop in MY 2022/23 after a record setting winter crop and strong summer crop production in MY 2021/22
21.04.2022
	10:15	The Ukraine Conflict and Other Factors Contributing to High Commodity Prices and Food Insecurity
16.04.2022
	16:25	WFP appeals for access to encircled cities in Ukraine
12.04.2022
	11:35	Global cereal trade and utilization in 2021/22 revised down
	10:25	FAO Food Price Index posts significant leap in March
07.04.2022
	08:49	FAO launches new phase of agriculture policy initiative with $11 million grant from Bill and Melinda Gates Foundation
29.03.2022
	21:32	Astarta Starts Spring Planting
24.03.2022
	21:15	Pakistan. Wheat production in 2022/23 is forecast at 26.4 MMT
14.03.2022
	13:21	CNH Industrial Statement on Ukraine and Russia
10.03.2022
	11:10	Market Signals to Sell Soybean Stocks
	09:05	2021/22 Grain Trade in Flux Amid Russia-Ukraine Conflict
07.03.2022
	12:40	FAO Food Price Index rises to record high in February
03.03.2022
	11:25	The Food Front is open: the food of Ukraine will provide citizens with products under any conditions!
	11:21	Ukrainian CCI ask all international trade associations to cease cooperation with representatives of russian trade associations
23.02.2022
	14:05	Astarta Invests USD14.6m in the Construction of a Modern Sugar Storage Silo
16.02.2022
	13:18	Brazil. The drought in the south of the country has dampened prospects for a record crop
10.02.2022
	17:21	World Pulses Day leverages the power of youth to transform agrifood systems
	17:17	Shrinking South America Soybean Production Constricts Trade and Boosts Prices
	12:10	Astarta Builds its First Silo in the Chernihiv Region
	11:28	2022 Global Rice Exports Forecast to Top 50 Million Tons, Led by India
09.02.2022
	17:32	Saudi Arabia’s barley imports for the first six months of MY 2021/22 is estimated at 2.36 MMT
03.02.2022
	17:15	Cereal production, utilization, and trade reaching record levels in 2021/22
	12:35	Global food prices rise in January
31.01.2022
	15:21	Argentina. Wheat production in MY 2021/2022 is estimated at a record 21.8 million tons
28.01.2022
	16:21	Mexico Orange Production Continues to Recover from 2019/20 Drought
18.01.2022
	17:10	South-South Cooperation: FAO signs key agreement with Chinese Government
14.01.2022
	12:05	Brazil Soybeans: Production Lowered Due to Drought in the Southern States
	11:43	China Meat Supply Continues to Grow