International Maize Market

16-Nov-2024 08:30 AM

International Maize Market
Ethanol Production in the US (Week of October 8):
Ethanol production from corn has seen an increase, which is a positive indicator for the demand of corn in the U.S. as biofuel production ramps up.

Corn Exports for 2024-25 and 2025-26 Crops:

2024-25 Exports: Estimated to range between 12.5 to 26 lakh tons.
2025-26 Exports: A significantly lower estimate at about 1 lakh tons, suggesting a sharp drop in export expectations for that crop year.
Brazil’s Corn Production Estimate (2024-25):
CONAB (Brazilian national supply company) has slightly raised its corn production estimate for Brazil in the 2024-25 crop year to 119.81 million tons (likely meant as "lakh tons" in the original text).

South Korea’s Corn Import Tender:
South Korea has issued tenders for 134,000 tons (1.34 lakh tons) of corn, indicating continued import demand, possibly to meet domestic consumption or feed needs.

Summary:
U.S. ethanol production and corn exports are showing strength, though there is a noticeable drop in export expectations for 2025-26.
Brazil's corn production forecast has been slightly revised upwards, which could impact global supply.
South Korea's corn tender reflects continued demand from Asian markets for imports.
This combination of factors suggests a fairly active global corn market, with shifting supply and demand dynamics.

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अंतर्राष्ट्रीय मक्का बाजार
★ अमरीका में 8 अक्टूबर वाले सप्ताह में मक्का से एथनोल उत्पादन बढ़ा, निर्यात भी अच्छा।
★ 2024-25 फसल का निर्यात 12.5-26 लाख टन व 2025-26 का 1 लाख टन होने का अनुमान।
★ कोनाब ने 24-25 में ब्राजील में मक्का उत्पादन अनुमान मामूली बढ़ाकर 11981 लाख टन दिया।
★ साउथ कोरिया ने 1.34 लाख टन मक्का टेंडर किये जारी।