date:Nov 01, 2012
In recent years any shortfall in the global production of maize has been made up by using surplus stocks, writes Chris Harris.
However, in recent times the market has become very much tighter and for the first time in 17 year the global demand for maize has gone down, Jack Watts, senior analyst with the AHDB/HGCA told the Grain Market Outlook conference in London.
He said that the USDA has cut its yield and production estimates so that the projected bushels per hectare have come down from 166