World corn crop to 2019-20 season could reach 1,098 billion tons, according to updated October report to the IGC. In September the crop was higher by 1 million tons. In the previous season, the grain production of this species amounted to 1,130 billion tons. Recall that in the 2017-18 year farmers around the world gathered corn crop is equal to 1.09 billion tons.
The trade volume of maize on the world market in the period under review, according to the updated October, according to IGC, will increase to 168 million tons. A month earlier, the experts were modest 3 million tons. Meanwhile, in the 2018-19 season, this figure was equal to 165 million tons.
Forecast of consumption of corn for 2019-20 season at the end of October adjusted downwards to 1,138 billion tons. First estimate was for 1 million tons greater. Thus, in the 2018-19 season, the figure is estimated at $ 1,151 billion tons, reports “КазахЗерно.kz”.
Ending stocks of crops in the 2019-20 season will be reduced to 278 million tons against the target of 2018-19 season (318 million tons). The previous report promised a higher carry-over reserves in this season is 286 million tons.