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CropGPT - Maize - Week 23

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Manage episode 422700518 series 3554013
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Global Maize Market Summary for June 09th, 2024

Introduction

  • Welcome to the weekly summary of the global maize market for June 09th, 2024.
  • For more detailed reporting and analysis, visit the CropGPT website.

Brazil

  • Production Variations: Different states show varied outcomes in maize production for 2024.
    • Mato Grosso and Goiás: Early planting and favorable climate conditions lead to potentially record-high yields.
    • Eastern Goiás: Some areas affected by dry May weather conditions.
    • North Paraná and Mato Grosso do Sul: Severe production shortfalls due to low rainfall.
  • Nationwide Forecast: Second crop production forecast reduced from 86.6 million tons to 83.6 million tons due to May drought.
  • Export and Domestic Demand: Expected to meet both, with up to 40 million tons available for global markets.

Ukraine

  • Export Decline: Maize exports dropped to 3.6 million tons in May from 4.05 million tons in April.
  • Market Shift: Decrease in exports to China, increase to India, showing a shift towards emerging markets despite overall reduction in volume.

Argentina

  • Planting Area Surge: Maize planting area increased to 2 million hectares despite challenges.
  • Pest Infestations: Leafhopper pests significantly reduce yields.
  • Output Forecast: Expected decrease in output to about 14.5 million tons due to pest impact.

Bangladesh

  • High Harvests: Recent high maize harvests.
  • Market Manipulations: Feed prices remain high due to alleged manipulations by major players in the poultry industry.
  • Call for Regulation: Urgent need for regulatory interventions to stabilize prices and ensure fair trading practices.

Global Outlook

  • Market Stability: Total production projected at around 1219.13 million tons for the 2024-2025 crop year, slightly down from the previous year.
  • Key Producers: Fluctuating outputs in the United States and Brazil contribute to overall market stability due to adequate global supply levels.

Malawi

  • Critical Imports: Essential to address food shortages caused by poor harvests due to adverse weather conditions.
  • Donor Support: International organizations emphasize the need for support to facilitate these crucial imports to avoid widespread hunger.

South Africa

  • Downward Revision: Maize production for the 2025 marketing year expecting a downward revision.
  • Impact on Prices: Potential supply constraints may keep domestic maize prices elevated despite global abundance.

  continue reading

117 episodes

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iconShare
 
Manage episode 422700518 series 3554013
Content provided by HSAT. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by HSAT or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Global Maize Market Summary for June 09th, 2024

Introduction

  • Welcome to the weekly summary of the global maize market for June 09th, 2024.
  • For more detailed reporting and analysis, visit the CropGPT website.

Brazil

  • Production Variations: Different states show varied outcomes in maize production for 2024.
    • Mato Grosso and Goiás: Early planting and favorable climate conditions lead to potentially record-high yields.
    • Eastern Goiás: Some areas affected by dry May weather conditions.
    • North Paraná and Mato Grosso do Sul: Severe production shortfalls due to low rainfall.
  • Nationwide Forecast: Second crop production forecast reduced from 86.6 million tons to 83.6 million tons due to May drought.
  • Export and Domestic Demand: Expected to meet both, with up to 40 million tons available for global markets.

Ukraine

  • Export Decline: Maize exports dropped to 3.6 million tons in May from 4.05 million tons in April.
  • Market Shift: Decrease in exports to China, increase to India, showing a shift towards emerging markets despite overall reduction in volume.

Argentina

  • Planting Area Surge: Maize planting area increased to 2 million hectares despite challenges.
  • Pest Infestations: Leafhopper pests significantly reduce yields.
  • Output Forecast: Expected decrease in output to about 14.5 million tons due to pest impact.

Bangladesh

  • High Harvests: Recent high maize harvests.
  • Market Manipulations: Feed prices remain high due to alleged manipulations by major players in the poultry industry.
  • Call for Regulation: Urgent need for regulatory interventions to stabilize prices and ensure fair trading practices.

Global Outlook

  • Market Stability: Total production projected at around 1219.13 million tons for the 2024-2025 crop year, slightly down from the previous year.
  • Key Producers: Fluctuating outputs in the United States and Brazil contribute to overall market stability due to adequate global supply levels.

Malawi

  • Critical Imports: Essential to address food shortages caused by poor harvests due to adverse weather conditions.
  • Donor Support: International organizations emphasize the need for support to facilitate these crucial imports to avoid widespread hunger.

South Africa

  • Downward Revision: Maize production for the 2025 marketing year expecting a downward revision.
  • Impact on Prices: Potential supply constraints may keep domestic maize prices elevated despite global abundance.

  continue reading

117 episodes

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