Brazil and EU corn boost global 2012/13 production
World sorghum production for 2012/13 is reduced 0.6 million tons this month to 58.2 million tons. China’s sorghum area for 2011/12 and 2012/13 is down significantly from previous estimates, and yields are also reduced, cutting production in 2012/13 by 0.65 million tons to 2.0 million. There is also a small increase in area and production for Mexico. Global 2012/13 barley production is reduced slightly due to a 0.2-million-ton decline for Algeria and a small reduction for Serbia.
Increased beginning stocks help boost supplies
World 2012/13 coarse grain supplies are forecast up 1.6 million tons this month, supported by a 0.5-million-ton increase in beginning stocks. South Africa’s corn beginning stocks are up 0.3 million tons to 3.7 million as 2011/12 corn exports failed to reach previous expectations. For Serbia, increased 2011/12 corn production and reduced industrial and food use combine to boost 2012/13 beginning stocks 0.2 million tons. Colombia’s corn imports are revised up slightly each year back to 2006/07, reflecting Paraguay’s export data and boosting 2012/13 beginning stocks 0.1 million tons. Turkey’s 2011/12 corn feed use is trimmed 0.1 million tons, boosting stocks. There are smaller increases in 2012/13 beginning stocks for Argentina, Chile, Venezuela, and Paraguay. Partly offsetting these increases are reduced 2012/13 beginning stocks for China’s sorghum, Vietnam’s corn, and Brazil’s corn.