Maize production may increase slightly at the EU level

By: STA Date: 2024. 06. 11. 10:30

In the May projection of the International Grains Council (IGC), the 2024/2025 indicates a global corn harvest of 1,220 million tons, which is 5 million tons less than last year. financial year. The consumption can be put at 1,225 million tons, which would exceed that of the previous season by almost 6 million tons. The 2024/2025. by the end of the economic year 2023/2024. 2 percent less than a year, 281 million tons of corn may remain in storage.

(Photo: Pixabay)

According to Tallage, the sowing of maize in South and South-Eastern Europe went well in April thanks to the appropriate distribution of rainfall. On the other hand, further north, the cool weather slowed down the sowing work. In the European Union, corn can be harvested from 8.6 million hectares (+2 percent) this year. The area occupied by the plant may increase to 1.5 million hectares (+15 percent) in France, while it may decrease by 1 percent (2.4 million hectares) in Romania and 10 percent (1.1 million hectares) in Poland.

In Hungary, according to the information of the Ministry of Agriculture, corn can be stored from 796 thousand hectares

For the time being, experts predict a harvest of 63.3 million tons of corn at the EU level this year, which is 1.5 percent higher than the 2023 harvest (Tallage). According to AKI PÁIR data, feed corn changed hands at an average producer price of HUF 72.4 thousand/ton in the last week of May, which was 4.5 percent higher than a year earlier. On the Budapest Stock Exchange, the July listing of ISCC NUTS II sustainable fodder corn rose by HUF 3,000 to HUF 77,000/ton, and the November price by HUF 2,000 to HUF 74,500/ton between May 27 and June 7.

AKI PÁIR