LATEST REPORT

Home > News > CnAgri insight > Article

2017/18 Corn Ending Stocks Would be 223 Million MT, and Stock/Use Ratio Would be 98.4%

China Agriculture Report By CnAgri2017-08-09 09:31:05China Agriculture Report Print
Keywords:2017/18 Corn Ending Stocks Would be 223 Million MT and Stock/Use Ratio Would be 98.4%
2017/18 corn supply would be 446 million MT, 54 million MT higher than the last forecast and 7.34 million MT higher than 2016/17. Beginning stocks of corn would reach 239 million MT; corn output would stand at 208 million MT, 11.45 million MT less than 2016/17 and also 54 million MT higher than the last forecast; corn imports would maintain at 2 million MT.
 
2017/18 corn demand would be 226 million MT, 8.93 million MT higher than 2016/17. Of which corn consumption for processing and feed should reach 70 million MT and 140 million MT, respectively 5 million MT and 4 million MT higher than 2016/17; corn consumption for food would remain at 10 million MT. Besides, 2017/18 corn export should maintain at half million MT.
 
Ending stocks of corn in 2017/18 would reach 223 million MT, 16.27 million MT less than 2016/17; the use/stock rate would be 98.4%, 11.5 percentage points less than 2016/17.

Table 2, China’s Corn Supply and Demand, 2011/12-2017/18
Unit: 000MT, 000HA, KG/HA
  2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18
Carry in 41,350 53,119 74,884 121,392 187,688 234,819 238,929
Production 192,781 208,156 218,490 215,673 224,580 219,554 208,100
Planted Acreage 33,542 35,030 35,650 37,076 38,117 36,760 35,500
Yield 5,748 5,956 6,002 5,817 5,892 5,973 5,847
Domestic supply 234,131 261,275 293,374 337,065 412,268 454,373 447,029
Import 5,300 2,702 3,276 5,444 3,174 2,000 2,000
Total supply 239,430 263,977 296,650 342,509 415,442 456,373 449,029
Food Consumption 9,500 10,000 10,500 10,000 10,000 10,000 10,000
Feed Consumption 125,000 130,000 110,000 100,000 115,000 136,000 140,000
Industrial Consumption 48,000 45,000 46,000 40,000 50,000 65,000 70,000
Seed Consumption 1,379 1,400 1,400 1,400 1,400 1,400 1,400
Waste 2,341 2,613 7,334 3,371 4,123 4,544 4,470
Domestic Consumption 183,879 186,400 167,900 151,400 176,400 212,400 221,400
Export 91 80 24 50 100 500 500
Total Consumption 186,311 189,093 175,258 154,821 180,623 217,444 226,370
Carry out 53,119 74,884 121,392 187,688 234,819 238,929 222,659
Stocks/Use Ratio 28.5% 39.6% 69.3% 121.2% 130.0% 109.9% 98.4%
 
Data source: BOABC Database, Date of Forecast : August 2017.
 

Explore Realted News »
Explore Realted Reports »

Recommended Reports »

CnAgri DB

Most Popular »