WORLD COARSE GRAINS SITUATION AND OUTLOOK
World coarse grain trade for 2001/02 is projected down more than 2.7 million tons from the previous year to 99.8 million. Global consumption is expected to continue to outpace production and carryout stocks are forecast to fall by more than 23 million tons. US corn, China corn, and EU barley are forecast to account for nearly two-thirds of world coarse grain stocks. With this months forecast, EU barley imports are expected to reach the highest levels in over a decade as competitively priced Black Sea supplies continue to enter duty-free.
Global corn trade is projected down nearly 3.4 million tons from a year earlier to 72.3 million. US exports are forecast to increase almost 1.9 million tons from 2000/01, largely due to reduced competition. Smaller US carryout stocks will result from a smaller crop and larger exports.
2001/02 Trade Changes
2000/01 Trade Changes
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