SITUATION AND OUTLOOK:

COMMENTARY AND CURRENT DATA

WORLD COARSE GRAINS SITUATION AND OUTLOOK

World coarse grain trade for 1999/2000 is down slightly, reflecting stalled global consumption since 1996/97. Corn trade is forecast down 1.1 million tons with U.S. exports dropping 4.4 million because of increased competition from China. World barley trade is forecast to remain robust as Middle Eastern and North African demand continues strong. The EU is currently forecast to export a record nine million tons and the Black Sea region is expected to see an increase in exportable supplies.

1999/2000 Trade Changes

Selected Exporters

• Argentina corn up 300,000 tons to 8.8 million.

• Australia sorghum up 75,000 tons to 250,000 due to a larger crop.

• United States sorghum up 100,000 tons to 5.3 million because of a strong sales pace to date.

Selected Importers

• Egypt corn down 300,000 tons to 3.7 due to lower past season imports.

• Malaysia corn up 200,000 tons to 2.6 because of expected continuing recovery of the feed sector.

• Saudi Arabia barley up 200,000 tons to 4.7 million due a larger anticipated demand.

• Mexico sorghum up 100,000 tons to 3.4 million due to an expected strong demand by feed millers.

1998/99 Trade Changes

Selected Exporters

• Argentina corn down 350,000 tons to 7.849 million due slower than expected end of season export pace.

Selected Importers

• Malaysia corn up 200,000 tons to 2.5 million because of a strong end of season pace.

• Mexico sorghum up 150,000 tons to 3.3 million reflecting higher demand by feedmillers.

Download the coarse grains tables in:

Adobe Acrobat Format

Lotus Spreadsheet Format

Return to Table of Contents

Last modified: Thursday, November 13, 2003