Thus, compared to the 2015/16 corn production will increase of 87.39 million tonnes (961,85 million tonnes in 2015/16).

"The Ministry of agriculture increased the forecast of world production of corn in 2016/17 MG at the expense of Brazil, Argentina and South Africa. Argentina and Brazil harvested a record corn production is 37.5 million tons (1 million t) and from 91.5 million tons (+5 million t), respectively. Good weather improved prospects of the corn crop in South Africa – 14.6 million tons (+1.6 million tons)", – reported in the report.

It is noted that world corn exports is estimated at 152,9 million tonnes, including 3.95 million tonnes more compared to the February forecast. Upward revised estimates of exports from Argentina (up 0.5 MMT), Brazil (+3 MMT) and South Africa (+0.5 million tons).

Photo: agrobiz.net