European Union corn is forecast at 18.0 million tons

13.05.2024 04:36 "Agro Perspectiva" (Kyiv) — Japan corn imports are forecast flat at 15.5 million tons.

South Korea corn imports are expected to increase by 100,000 tons to 11.7 million for 2024/25 on a decline in global corn prices. Modest growth is also expected in Taiwan as strong feed demand lifts imports by 100,000 tons to 4.7 million tons, a level

not reached since 2006/07.

European Union corn is forecast at 18.0 million tons, down 3.0 million from the previous year. Domestic corn production is forecast to be higher by almost 4.0 million tons and supplies of other grains for feed are expected to be more plentiful than in 2023/24.

Mexico corn imports are projected at a record 21.8 million tons, up 700,000 tons. While domestic production is forecast higher than the drought-affected crop of 2023/24, it is expected to be below the level of recent years. As Mexico draws from stocks to stabilize the current year, further imports in

2024/25 will be required to support modest growth in consumption.

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