barley prices under pressure - cornell university...apr 11, 2017  · 6 trade changes in 2016/17...

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Grain: World Markets and Trade Approved by the World Agricultural Outlook Board - USDA United States Department of Agriculture Foreign Agricultural Service April 2017 Barley Prices Under Pressure For email subscription, click here to register: https://public.govdelivery.com/accounts/USDAFAS/subscriber/new Barley prices for major exporting countries have witnessed significant declines since the beginning of 2016. Even though world barley production is projected down from the previous year, prices have not responded amidst pressure from a 2016/17 record global corn crop. Prospects for corn have affected barley demand as both are utilized as energy components for animal feed. Barley prices have also been depressed by a record crop in Australia. The country is projected to be the largest exporter in 2016/17, supplanting the EU and supplying a quarter of the world’s demand. Compared with January 2016, Australian prices were nearly $30/ton lower year-over-year. Lower prices are expected to boost exports to key markets such as China. The implementation of the China- Australia Free Trade Agreement (January 2016) has provided Australia a competitive advantage with the removal of the import duty for barley. For the first two months of 2017, China’s imports of Australian barley more than tripled compared to the same period the previous year, according to Chinese customs data. As a result of Australia’s competitive prices, other major exporters (i.e., EU and Ukraine) have felt downward price pressure since the beginning of 2016. Despite slightly lower production, EU prices are lower, and 2016/17 exports are forecast to be the second-largest behind Australia. For Ukraine, prices averaged $137/ton in January, decreasing over $20/ton year-over-year as a larger domestic crop has also pressured prices. Weak barley prices imply that growth in supplies of feed grains are outpacing global demand. $125 $135 $145 $155 $165 $175 $185 $195 $205 $215 $/mt Major Exporter Prices Slide (FOB) Australia Ukraine EU 0 5 10 15 20 25 30 35 2014/15 2015/16 2016/17f Million Metric Tons Australia’s Exports Surge Australia EU Ukraine ROW *For the EU and Ukraine, price data does not distinguish between malting and feed barley; Australian prices are feed barley only.

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Page 1: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

Grain:

World Markets and Trade

Approved by the World Agricultural Outlook Board - USDA

United States

Department of

Agriculture

Foreign

Agricultural

Service

April 2017

Barley Prices Under Pressure

For email subscription, click here to register: https://public.govdelivery.com/accounts/USDAFAS/subscriber/new

Barley prices for major exporting countries have witnessed significant declines since the beginning of

2016. Even though world barley production is projected down from the previous year, prices have not

responded amidst pressure from a 2016/17 record global corn crop. Prospects for corn have affected

barley demand as both are utilized as energy components for animal feed.

Barley prices have also been depressed by a record crop in Australia. The country is projected to be the

largest exporter in 2016/17, supplanting the EU and supplying a quarter of the world’s demand.

Compared with January 2016, Australian prices were nearly $30/ton lower year-over-year. Lower

prices are expected to boost exports to key markets such as China. The implementation of the China-

Australia Free Trade Agreement (January 2016) has provided Australia a competitive advantage with

the removal of the import duty for barley. For the first two months of 2017, China’s imports of

Australian barley more than tripled compared to the same period the previous year, according to

Chinese customs data.

As a result of Australia’s competitive prices, other major exporters (i.e., EU and Ukraine) have felt

downward price pressure since the beginning of 2016. Despite slightly lower production, EU prices are

lower, and 2016/17 exports are forecast to be the second-largest behind Australia. For Ukraine, prices

averaged $137/ton in January, decreasing over $20/ton year-over-year as a larger domestic crop has

also pressured prices. Weak barley prices imply that growth in supplies of feed grains are outpacing

global demand.

$125

$135

$145

$155

$165

$175

$185

$195

$205

$215

$/m

t

Major Exporter Prices Slide (FOB)

Australia Ukraine EU0

5

10

15

20

25

30

35

2014/15 2015/16 2016/17f

Mil

lio

n M

etr

ic T

on

s

Australia’s Exports Surge

Australia

EU

Ukraine

ROW

*For the EU and Ukraine, price data does not distinguish between malting and

feed barley; Australian prices are feed barley only.

Page 2: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

2

TABLE OF CONTENTS

World Markets and Trade: Commentary and Current Data Wheat ................................................................................................................. 4 Rice .................................................................................................................. 11 Coarse Grains ................................................................................................... 16 Historical Data Series for Selected Regions and Countries ............................ 36 Endnotes to Grain: World Markets and Trade ............................................... 55 The Foreign Agricultural Service (FAS) updates its production, supply and distribution (PSD) database for cotton, oilseeds, and grains at 12:00 p.m. on the day the World Agricultural Supply and Demand Estimates (WASDE) report is released. This circular is released by 12:15 p.m. To download the tables in the publication, go to the Production, Supply and Distribution Database (PSD Online): (https://apps.fas.usda.gov/psdonline/app/index.html#/app/downloads), select PSD Reports, and then on the left click Grains. FAS Reports and Databases: Current World Markets and Trade and World Agricultural Production Reports:

https://apps.fas.usda.gov/psdonline/app/index.html#/app/downloads Archives World Markets and Trade and World Agricultural Production Reports:

http://usda.mannlib.cornell.edu/MannUsda/viewTaxonomy.do?taxonomyID=7 Production, Supply and Distribution Database (PSD Online):

https://apps.fas.usda.gov/psdonline/app/index.html#/app/home Global Agricultural Trade System (U.S. Exports and Imports):

http://apps.fas.usda.gov/gats/default.aspx Export Sales Report:

http://apps.fas.usda.gov/esrquery/ Global Agricultural Information Network (Agricultural Attaché Reports):

http://gain.fas.usda.gov/Pages/Default.aspx

Other USDA Reports: World Agricultural Supply and Demand Estimates (WASDE):

http://www.usda.gov/oce/commodity/wasde/ Economic Research Service:

http://www.ers.usda.gov/topics/crops National Agricultural Statistics Service:

http://www.nass.usda.gov/Publications/

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 3: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

All Grain Summary Comparison

Million Metric Tons

Marketing Year

Wheat Rice, Milled Corn

2016/172015/162014/152016/172015/162014/152016/172015/162014/15

Production

United States (Jun-May) 55.1 56.1 62.9 7.1 6.1 7.1 361.1 345.5 384.8

Other 673.0 679.1 688.5 471.5 466.1 474.0 654.9 617.8 669.0

World Total 728.1 735.2 751.4 478.6 472.2 481.1 1,016.0 963.3 1,053.8

Domestic Consumption

United States (Jun-May) 31.3 32.0 33.0 4.3 3.6 4.2 301.8 298.9 314.8

Other 668.7 676.2 703.3 470.7 464.8 471.6 662.2 682.1 710.4

World Total 700.0 708.2 736.3 475.0 468.4 475.8 964.0 981.0 1,025.2

Ending Stocks

United States (Jun-May) 20.5 26.6 31.6 1.6 1.5 1.6 44.0 44.1 58.9

Other 197.1 215.1 220.7 113.3 114.6 116.5 165.8 167.7 164.1

World Total 217.6 241.7 252.3 114.9 116.1 118.1 209.8 211.8 223.0

TY Imports

United States (Jun-May) 4.0 3.1 3.0 0.8 0.8 0.8 0.8 1.8 1.4

Other 155.0 165.4 173.7 38.9 36.0 37.2 124.9 136.6 140.4

World Total 159.0 168.5 176.7 39.7 36.8 38.0 125.7 138.4 141.8

TY Exports

United States (Jun-May) 23.0 21.9 27.8 3.4 3.5 3.6 46.8 51.2 56.5

Other 138.8 150.3 151.8 39.2 36.9 37.4 81.6 93.7 88.5

World Total 161.8 172.2 179.6 42.6 40.4 41.0 128.4 144.9 145.0

Note: Consumption in this table has not been adjusted for differences in marketing year imports and

exports and therefore differs from global totals shown elsewhere.Marketing years for U.S. grains are:

Wheat (Jun-May), Rice (Aug-Jul), Corn (Sep-Aug).'Marketing Year' column is germane for U.S. wheat

only.

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 4: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

4

WHEAT: WORLD MARKETS AND TRADE

OVERVIEW

Global wheat production, already at a record, is raised slightly this month mainly on a larger crop

in Pakistan. Global consumption is lowered mainly on reduced U.S. feed and residual use as

implied by the latest Grain Stocks report from NASS. Consequently, global stocks, which were

already forecast at a record high, are raised further. Global trade is lowered marginally, but

remains a record. The U.S. season-average farm price is unchanged at $3.85 per bushel.

U.S. PRICES:

Domestic: Overall, wheat prices were down on abundant supplies and favorable weather

conditions for the month of March. Hard Red Winter (HRW) plunged $15/ton to $191, while

Soft Red Winter (SRW) eased $3/ton to $182. Hard Red Spring (HRS) plummeted $15/ton to

$251, but still holds a solid premium over other U.S. wheat classes. Soft White Winter (SWW)

sunk $14/ton to $198 due to improving logistics in the Pacific Northwest in mid-March.

160

170

180

190

200

210

220

230

240

250

260

270

280

290

300

$/M

T

U.S. Daily FOB Export Bids

HRW SRW SWW HRS

*Russia, Ukraine and Kazakhstan

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 5: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

5

U.S. Share of Mexican Wheat Imports Rebounds

Mexico, the second-largest wheat importer in the Western Hemisphere, has historically imported

around three-quarters of its needs from the United States. U.S. wheat has benefitted from a

logistical advantage over other suppliers when exporting to Mexico, allowing for a consistent

supply to millers. With this advantage in place, U.S. wheat only faced limited competition from

Canada. However, the U.S. share of Mexico’s imports has declined in recent years, falling to

only 57 percent in 2015/16. Mexico’s imports from the EU, Russia, and Ukraine grew

substantially based on abundant supplies and competitive prices. These three non-traditional

suppliers accounted for about 25 percent of Mexico’s imports in 2015/16.

In 2016/17, however, Mexico is forecast to import a record 5.2 million tons and the U.S. share

has rebounded to 68 percent year-to-date. Favorable prospects continue as outstanding export

sales to Mexico are more than double the level of a year ago. Market share has been regained

from the EU, where the weather-affected French crop was not priced competitively because of

limited exportable supplies. Also contributing to the resurgence in U.S. market share is

competitive pricing after a large harvest. Furthermore, Mexican millers have familiarity with the

quality and protein of U.S. wheat. For more information, see the Mexico Grain and Feed Annual

GAIN report. As Mexico is the United States’ largest wheat market, the rebounding share of

trade is contributing significantly to higher U.S. exports this year.

0.0

1.0

2.0

3.0

4.0

5.0

6.0

Mexico Wheat Imports (July-June)

United States Canada EU Russia Ukraine

Remaining

Forecast

MMT

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 6: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

6

TRADE CHANGES IN 2016/17

Selected Exporters

Australia is cut 1.0 million tons to 23.0 million based on trade data.

Brazil is down 200,000 tons to 1.4 million due to the slow pace of feed-quality

shipments.

Canada is lowered 500,000 tons to 20.0 million due to weak sales from January to

March.

European Union is up 1.0 million tons to 26.5 million based on expectation of larger

sales to Turkey.

Kazakhstan is reduced 500,000 tons to 7.0 million due to slower exports.

Pakistan is down 200,000 tons to 700,000 based on slowing demand from Afghanistan.

Russia is lowered 500,000 tons to 28.0 million based on Turkey imposing a tariff on

Russian wheat.

Turkey is raised 200,000 tons to 6.0 million based on the fast pace of flour exports.

Ukraine is boosted 800,000 tons to 17.3 million based on demand from India.

United States is up 300,000 tons to 27.8 million based on the rapid pace of sales and

shipments, especially to Mexico.

Selected Importers

Egypt is reduced 300,000 tons to 11.5 million. Although there has been a recent uptick in

purchases, overall, imports are not expected to overcome the slow start to the season.

India is raised 500,000 tons to 6.0 million based on current trade to date.

Iran is down 200,000 tons to 1.2 million based on slowing trade.

Mexico is up 300,000 tons to 5.2 million based on purchases from the United States.

Syria is down 300,000 tons to 2.0 million based on the pace of trade and expectations of a

favorable new crop.

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 7: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

7

Thailand is reduced 200,000 tons to 3.6 million based on recent feed wheat import

restrictions.

Turkey is cut 300,000 tons to 4.5 million based on the slow pace of trade to date and the

government’s decision to remove Russia from the list of duty-free wheat suppliers. For

more details, see the Turkey Grain and Feed Annual GAIN report.

United States is lowered 200,000 tons to 3.0 million based on the slow pace of imports

from Canada and large domestic supplies.

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 8: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

World Wheat, Flour, and Products Trade

July/June Year, Thousand Metric Tons

2012/13 2013/14 2014/15 2015/16 2016/17

Mar

2016/17

Apr

none

TY Exports

11,00011,0008,7504,2001,6757,450 Argentina

23,00024,00015,78216,57518,33921,269 Australia

1,4001,6001,0631,688811,753 Brazil

20,00020,50022,13624,88322,15618,584 Canada

26,50025,50034,68635,45532,03222,786 European Union

7,0007,5007,6005,5078,0006,801 Kazakhstan

1,5001,5001,5681,1041,322729 Mexico

28,00028,50025,54322,80018,60911,308 Russia

6,0005,8005,6094,1344,2933,583 Turkey

17,30016,50017,43111,2699,7557,190 Ukraine

10,08110,22210,17511,21714,73818,087 Others

151,781152,622150,343138,832131,000119,540 Subtotal

27,80027,50021,85622,99931,51927,734 United States

179,581180,122172,199161,831162,519147,274 World Total

none

TY Imports

2,7002,7002,7002,0002,0501,600 Afghanistan

8,2008,2008,1537,2577,4846,484 Algeria

5,8005,8004,6933,9293,3542,725 Bangladesh

7,4007,3005,9225,8697,0617,547 Brazil

4,0004,0003,4761,9266,7732,960 China

2,0002,0002,0321,6271,7461,507 Colombia

11,50011,80011,92511,30010,1508,400 Egypt

5,5005,5006,9175,9793,9765,276 European Union

6,0005,5003002732220 India

9,0009,00010,1167,4787,3917,146 Indonesia

2,3002,3002,2182,2533,2463,948 Iraq

5,9005,8005,7155,8786,1236,598 Japan

4,5004,5004,4203,9424,2885,439 Korea, South

5,2004,9004,8054,4764,6393,823 Mexico

5,5005,5004,5034,0863,9283,825 Morocco

4,5004,5004,4104,2444,5804,168 Nigeria

5,5005,5004,8505,0553,4763,620 Philippines

3,5003,5002,9313,4873,4291,921 Saudi Arabia

2,3002,3002,0212,6322,6641,793 Sudan

2,0002,3009658651,603963 Syria

3,6003,8004,8723,4921,7591,840 Thailand

4,5004,8004,3965,9604,1493,312 Turkey

2,7002,7002,6542,2302,2241,863 Uzbekistan

5,0005,0003,0692,2962,1571,671 Vietnam

3,3503,3503,3233,2453,4253,207 Yemen

51,23651,55154,09353,22354,01749,605 Others

173,686174,101165,479155,002155,714141,261 Subtotal

2,8952,8213,6642,8652,0452,562 Unaccounted

3,0003,2003,0563,9644,7603,451 United States

179,581180,122172,199161,831162,519147,274 World Total

TY=Trade Year, see Endnotes.

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 9: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

World Wheat Production, Consumption, and Stocks

Local Marketing Years, Thousand Metric Tons

2012/13 2013/14 2014/15 2015/16 2016/17

Mar

2016/17

Apr

none

Production

16,00016,00011,30013,93010,5009,300 Argentina

35,00035,00024,16823,74325,30322,856 Australia

6,7306,7305,5406,0005,3004,380 Brazil

31,70031,70027,59429,42037,53027,205 Canada

128,850128,850130,190126,208121,930121,023 China

8,1008,1008,1008,3008,2508,500 Egypt

144,658144,658160,000156,912144,583133,949 European Union

87,00087,00086,53095,85093,50694,882 India

15,50015,50015,00013,00014,50013,800 Iran

14,98514,98513,74812,99613,9419,841 Kazakhstan

25,60025,30025,10025,97924,21123,473 Pakistan

72,52972,50061,04459,08052,09137,720 Russia

17,25017,25019,50015,25018,75016,000 Turkey

26,80026,80027,27424,75022,27815,761 Ukraine

7,2007,2007,2007,1506,8006,700 Uzbekistan

50,59650,64256,82454,35457,42751,923 Others

688,498688,215679,112672,922656,900597,313 Subtotal

62,85962,85956,11755,14758,10561,298 United States

751,357751,074735,229728,069715,005658,611 World Total

none

Total Consumption

10,25010,25010,25010,0509,8509,450 Algeria

11,50011,50010,50010,70011,40010,900 Brazil

10,20010,2007,8709,0509,4229,555 Canada

118,000118,000112,000116,500116,500125,000 China

19,70019,70019,20019,10018,50018,700 Egypt

129,000128,700129,850124,677117,300119,250 European Union

98,34098,14088,55193,10293,84883,824 India

9,3009,3009,1007,3657,1656,950 Indonesia

18,50018,50018,00017,50017,00016,000 Iran

10,20010,2009,8009,0009,0008,300 Morocco

24,50024,50024,40024,50024,10023,900 Pakistan

39,00039,00037,00035,50034,10033,550 Russia

17,50017,60018,00017,50017,75017,650 Turkey

10,80011,30012,20011,50011,50011,400 Ukraine

9,7009,7009,3508,9008,4008,000 Uzbekistan

166,880166,524160,137153,729150,395146,822 Others

707,877707,506679,049674,047663,685641,441 Subtotal

32,95933,91132,02131,33434,26137,810 United States

740,836741,417711,070705,381697,946679,251 World Total

none

Ending Stocks

7,8297,3295,6394,6704,5584,663 Australia

7,1566,6565,1717,09010,3985,112 Canada

111,092111,09297,04276,10565,27453,960 China

9,7369,94315,07812,6979,93810,711 European Union

8,8008,50014,54017,22017,83024,200 India

6,2166,1768,2167,9167,3015,116 Iran

11,63011,1015,6016,2855,1774,933 Russia

58,25358,41363,90265,12258,35349,602 Others

220,712219,210215,189197,105178,829158,297 Subtotal

31,55030,73426,55220,47716,06519,538 United States

252,262249,944241,741217,582194,894177,835 World Total

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 10: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

Regional Wheat Imports, Production, Consumption, and Stocks

Thousand Metric Tons

2012/13 2013/14 2014/15 2015/16

Mar

2016/17

Apr

2016/17

TY Imports none

7,759 North America 9,841 8,927 8,353 8,585 8,685

1,654 Central America 1,833 1,834 1,834 1,950 1,930

14,422 South America 14,879 13,132 13,343 14,980 15,010

5,276 European Union - 28 3,976 5,979 6,917 5,500 5,500

1,632 Other Europe 1,858 1,760 1,828 1,895 1,920

7,244 Former Soviet Union - 12 7,502 7,677 7,387 7,520 7,550

24,250 Middle East 28,434 26,919 24,480 25,150 24,320

22,047 North Africa 25,246 25,430 27,852 28,600 28,300

18,508 Sub-Saharan Africa 20,502 21,261 22,887 22,035 21,985

17,354 East Asia 19,465 14,115 16,224 16,810 16,910

5,308 South Asia 6,721 8,163 8,785 15,106 15,606

16,294 Southeast Asia 17,176 20,545 25,487 25,850 25,650

2,964 Others 3,041 3,224 3,158 3,320 3,320

144,712 Total 160,474 158,966 168,535 177,301 176,686

Production none

91,734 North America 99,012 88,254 87,462 98,422 98,422

18,011 South America 19,762 24,352 21,381 26,341 26,251

133,949 European Union - 28 144,583 156,912 160,000 144,658 144,658

3,431 Other Europe 4,117 4,072 4,266 4,606 4,642

77,783 Former Soviet Union - 12 103,824 112,382 117,964 130,215 130,244

37,038 Middle East 41,708 35,414 41,795 39,060 39,060

17,501 North Africa 19,661 17,013 19,912 14,131 14,131

6,736 Sub-Saharan Africa 7,235 7,523 6,313 7,251 7,251

122,490 East Asia 123,248 127,650 131,515 130,136 130,154

126,412 South Asia 125,917 130,154 119,840 120,645 120,945

23,345 Oceania 25,751 24,157 24,582 35,418 35,418

181 Others 187 186 199 191 181

658,611 Total 715,005 728,069 735,229 751,074 751,357

Domestic Consumption none

53,990 North America 50,333 47,234 46,891 51,361 50,559

26,212 South America 27,126 26,780 26,905 27,765 27,980

119,250 European Union - 28 117,300 124,677 129,850 128,700 129,000

4,721 Other Europe 4,807 4,850 4,930 5,120 5,120

71,705 Former Soviet Union - 12 72,755 74,995 77,785 79,260 78,720

56,783 Middle East 58,764 58,457 60,110 61,210 61,130

41,340 North Africa 42,475 42,726 43,646 44,675 44,675

23,990 Sub-Saharan Africa 26,305 27,025 28,532 28,804 28,804

140,071 East Asia 130,201 129,524 125,239 131,700 131,750

121,007 South Asia 132,041 132,302 128,959 140,201 140,401

16,515 Southeast Asia 16,610 19,295 23,195 25,090 25,050

8,111 Oceania 8,280 8,569 8,612 9,365 9,365

3,366 Others 3,494 3,573 3,575 3,774 3,775

687,061 Total 690,491 700,007 708,229 737,025 736,329

Ending Stocks none

24,925 North America 26,782 28,095 32,239 37,919 39,385

3,541 South America 6,850 8,484 4,815 5,014 4,625

10,711 European Union - 28 9,938 12,697 15,078 9,943 9,736

1,057 Other Europe 949 1,270 1,459 1,118 1,526

14,491 Former Soviet Union - 12 15,793 20,617 16,701 21,629 22,410

14,300 Middle East 18,797 18,335 18,601 14,898 14,306

12,069 North Africa 14,049 13,204 16,537 13,938 13,638

2,495 Sub-Saharan Africa 3,041 3,218 3,092 2,719 2,694

57,214 East Asia 68,314 79,217 100,432 114,288 114,356

27,995 South Asia 21,661 23,209 21,224 15,374 16,174

3,718 Southeast Asia 3,491 3,891 5,317 5,150 4,987

4,978 Oceania 4,861 4,956 5,885 7,573 8,073

341 Others 368 389 361 381 352

177,835 Total 194,894 217,582 241,741 249,944 252,262

NOTES: Regional definitions appear on last page of this circular. Imports are reported on a trade year basis. All other data are

reported using local marketing years.

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 11: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

11

RICE: WORLD MARKETS AND TRADE OVERVIEW For 2016/17, global production continues at a record, and is raised this month mainly on a larger Indonesian crop. Trade is revised lower on smaller imports for Indonesia and Saudi Arabia. Exports are lowered for Egypt and Pakistan. Both global consumption and stocks are revised higher, with consumption at a record. FEATURE

Indonesia Rice Imports Decline on Larger Domestic Production

Indonesia, the world’s third-largest consumer and producer of rice, is forecast to import only 500,000 tons in 2017, a 50-percent reduction from 2016 levels due to an anticipated rebound in production. Indonesian production meets most of its domestic demand, with imports only accounting for shortfalls and to source fragrant varieties. Although imports constitute a small amount of overall supplies, Indonesia’s relative absence in the thinly-traded rice market has significant impacts on its key suppliers. Forecasted 2017 imports are expected at the lowest level since 2009, when the country brought in a meager 250,000 tons. Thailand and Vietnam are the primary suppliers of rice to Indonesia. In recent years, Vietnam has supplied the majority, but with affordable old crop supplies, Thailand has gained market share. With ample supplies in both countries, there is likely to be stiff competition to fulfill the Indonesian market. Although not a traditional exporter, Indonesia is now setting ambitious export targets given its sufficient domestic supplies. Despite these efforts to export, Indonesia is expected to remain a net importer.

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

2009 2010 2011 2012 2013 2014 2015 2016 2017

MM

T

Indonesian Rice Imports by Supplier

Thailand Vietnam Other34.034.535.035.536.036.537.037.538.038.539.0

2009 2010 2011 2012 2013 2014 2015 2016 2017

MM

T

Indonesian Rice Production (Milled Basis)

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

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12

PRICES

Over the past month, Indian quotes have continued to climb, in part reflecting a stronger rupee. In contrast, Pakistani quotes have dropped from their unusually high January levels but remain somewhat firm at $380/ton. Thai 100B quotes remained relatively steady at $377/ton, with recent strengthening of the baht. Vietnamese quotes remain the lowest and have slid to $349/ton on the ongoing harvest in the Mekong Delta. SELECTED TRADE CHANGES for 2017

• Bangladesh imports are raised 100,000 tons to 150,000 on larger purchases from India, despite the import duty that remains in place.

• Indonesia imports are cut 300,000 tons to 500,000 as a more abundant crop tempers import demand.

• Saudi Arabia imports are lowered 150,000 tons to 1.4 million on more modest purchases.

• Egypt exports are slashed 200,000 tons to 100,000 amid the continued export ban.

• Pakistan exports are trimmed 200,000 tons to 4.0 million on weak sales in light of relatively high export quotes.

300

320

340

360

380

400

420

440

$/MT Asian FOB Export Quotes: Last 12 Months

THAI 100B VIET 5% INDI 5% PAK 5%

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

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World Rice Trade

January/December Year, Thousand Metric Tons

2012/13 2013/14 2014/15 2015/16 2016/17

Mar

2016/17

Apr

none

TY Exports

550550527310494526 Argentina

250250150323404460 Australia

750700641895852830 Brazil

1,5001,5001,3001,7351,6881,163 Burma

1,0001,0009001,1501,0001,075 Cambodia

500500368262393447 China

280280270251284203 European Union

500500460486446346 Guyana

10,00010,00010,04011,04611,58810,480 India

4,0004,2004,3004,0003,7004,126 Pakistan

470470557371380365 Paraguay

180180198163187140 Russia

10,00010,0009,8679,77910,9696,722 Thailand

850850996718957939 Uruguay

5,6005,6005,0886,6066,3256,700 Vietnam

1,0291,1491,1991,1771,4941,676 Others

37,45937,72936,86139,27241,16136,198 Subtotal

3,5503,5003,5413,3552,9473,295 United States

41,00941,22940,40242,62744,10839,493 World Total

none

TY Imports

475475470450500430 Angola

600600771363586712 Brazil

520520500500525550 Cameroon

5,0005,0004,6005,1504,4503,500 China

1,3501,3501,3001,150950830 Cote d'Ivoire

510510544575377413 Cuba

1,8501,8501,8141,7861,5561,375 European Union

650650650580590725 Ghana

600600500350380360 Guinea

490490431447387416 Haiti

5008001,0001,3501,225650 Indonesia

1,0501,0501,1001,3001,4002,220 Iran

1,0001,0009291,0091,0801,294 Iraq

685685685688669690 Japan

500470500450440410 Kenya

9509509501,051989885 Malaysia

750750731719685749 Mexico

600600575575590500 Mozambique

550550450529510340 Nepal

1,9001,9002,0002,1003,2002,400 Nigeria

1,4001,4008002,0001,8001,000 Philippines

1,4001,5501,3001,6001,4591,326 Saudi Arabia

990990985990960902 Senegal

925925954912910990 South Africa

750750670580560540 United Arab Emirates

11,29411,07510,83011,78413,51411,561 Others

37,28937,49036,03938,98840,29235,768 Subtotal

2,9702,9893,5952,8813,0613,050 Unaccounted

750750768758755675 United States

41,00941,22940,40242,62744,10839,493 World Total

TY=Trade Year, see Endnotes. Note about dates: 2015/16 is calendar year 2016, 2014/15 is calendar year 2015, and so on.

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

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World Rice Production, Consumption, and Stocks

Local Marketing Years, Thousand Metric Tons

2012/13 2013/14 2014/15 2015/16 2016/17

Mar

2016/17

Apr

none

Milled Production

34,58134,58134,50034,50034,39033,820 Bangladesh

8,1608,0687,2108,4658,3008,037 Brazil

12,40012,50012,16012,60011,95711,715 Burma

4,7004,7004,7054,7004,7254,670 Cambodia

144,850144,850145,770144,560142,530143,000 China

4,5544,5544,0004,5304,7504,675 Egypt

106,500106,500104,408105,482106,646105,241 India

37,15036,60036,20035,56036,30036,550 Indonesia

7,7807,7907,6707,8497,9317,907 Japan

4,1974,1974,3274,2414,2304,006 Korea, South

3,1003,1003,1003,1003,3613,003 Nepal

6,8006,6406,8006,9006,7985,536 Pakistan

11,50011,50011,00011,91511,85811,428 Philippines

18,60018,60015,80018,75020,46020,200 Thailand

27,86127,80027,58428,16628,16127,537 Vietnam

41,29341,25040,88240,12939,82138,857 Others

474,026473,230466,116471,447472,218466,182 Subtotal

7,1177,1176,1337,1066,1176,348 United States

481,143480,347472,249478,553478,335472,530 World Total

none

Consumption and Residual

35,00035,00035,10035,10034,90034,500 Bangladesh

7,9007,9007,8507,9257,9007,850 Brazil

10,85011,00010,75010,70010,45010,400 Burma

3,7253,7253,7003,6153,6503,550 Cambodia

144,000144,000144,000144,500143,000141,000 China

4,1004,1003,9004,0004,0004,050 Egypt

3,6503,6503,5503,4003,2503,250 European Union

97,00097,00093,56898,24498,72793,972 India

37,60037,30037,80038,30038,50038,127 Indonesia

8,5508,5008,6008,6008,3808,351 Japan

4,7004,7004,2124,1974,4224,489 Korea, South

5,0005,0005,2005,4005,5005,300 Nigeria

12,90012,90013,00013,20012,85012,850 Philippines

10,30010,3009,10010,00010,60010,600 Thailand

22,70022,70022,60022,00022,00021,600 Vietnam

63,67263,59261,92761,54661,76259,157 Others

474,999474,648467,488473,189474,371461,649 Subtotal

4,1914,1903,5554,3013,9773,779 United States

479,190478,838471,043477,490478,348465,428 World Total

none

Ending Stocks

69,08569,08563,73557,43653,10249,832 China

1,4281,228924924610427 Egypt

17,90017,90018,40017,80022,80025,500 India

3,5393,6113,5094,1115,5016,476 Indonesia

2,3722,5122,5322,8213,0072,857 Japan

1,7361,7361,8311,406899780 Korea, South

6,9536,9538,40311,27011,99912,808 Thailand

13,52112,97415,33117,61414,92814,048 Others

116,534115,999114,665113,382112,846112,728 Subtotal

1,5591,6551,4751,5521,0251,156 United States

118,093117,654116,140114,934113,871113,884 World Total

Note: All data are reported on a milled basis.

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

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Regional Rice Imports, Production, Consumption, and Stocks

Thousand Metric Tons

2012/13 2013/14 2014/15 2015/16

Mar

2016/17

Apr

2016/17

TY Imports none

1,779 North America 1,801 1,839 1,855 1,865 1,865

969 Caribbean 911 1,174 1,135 1,155 1,165

1,833 South America 1,814 1,685 1,955 1,643 1,742

125 Other Europe 132 128 136 140 140

557 Former Soviet Union - 12 626 571 455 481 461

7,252 Middle East 6,711 6,472 5,690 6,245 6,075

487 North Africa 485 391 436 520 520

11,567 Sub-Saharan Africa 12,542 10,900 11,394 11,620 11,640

5,349 East Asia 6,044 6,686 6,104 6,616 6,616

722 South Asia 2,566 1,692 825 1,060 1,160

3,606 Southeast Asia 5,023 5,677 4,010 4,220 3,980

2,197 Others 2,392 2,531 2,812 2,675 2,675

36,443 Total 41,047 39,746 36,807 38,240 38,039

Production none

6,479 North America 6,248 7,285 6,289 7,307 7,307

974 Caribbean 1,054 979 992 982 982

15,852 South America 16,384 16,431 15,428 16,155 16,287

2,100 European Union - 28 1,937 1,954 2,050 2,050 2,050

1,294 Former Soviet Union - 12 1,205 1,185 1,262 1,258 1,261

2,251 Middle East 2,450 2,443 2,392 2,521 2,521

4,704 North Africa 4,789 4,530 4,000 4,554 4,554

13,272 Sub-Saharan Africa 13,984 14,468 15,140 15,551 15,551

157,953 East Asia 157,701 159,486 160,211 159,581 159,571

150,660 South Asia 154,377 153,218 152,499 153,574 153,734

115,490 Southeast Asia 116,867 115,367 111,175 115,471 115,982

1,501 Others 1,339 1,207 811 1,343 1,343

472,530 Total 478,335 478,553 472,249 480,347 481,143

Domestic Consumption none

4,987 North America 5,216 5,539 4,789 5,445 5,446

1,171 Central America 1,200 1,203 1,338 1,333 1,333

1,954 Caribbean 1,992 2,051 2,127 2,201 2,181

14,341 South America 14,582 14,637 14,763 14,788 14,803

3,250 European Union - 28 3,250 3,400 3,550 3,650 3,650

1,579 Former Soviet Union - 12 1,605 1,507 1,506 1,534 1,519

8,989 Middle East 9,190 9,090 8,662 8,928 8,783

4,572 North Africa 4,480 4,379 4,220 4,470 4,470

24,741 Sub-Saharan Africa 26,026 26,052 26,247 27,089 27,099

157,459 East Asia 159,414 160,566 159,692 160,425 160,475

137,375 South Asia 143,433 143,291 138,865 142,103 142,253

101,694 Southeast Asia 102,763 102,757 102,120 103,041 103,276

713 Others 717 556 533 550 550

462,825 Total 473,868 475,028 468,412 475,557 475,838

Ending Stocks none

1,349 North America 1,184 1,717 1,602 1,830 1,734

186 Central America 210 233 305 293 293

289 Caribbean 264 223 234 168 195

1,586 South America 1,844 2,151 1,435 1,295 1,491

1,188 European Union - 28 1,163 1,151 1,182 1,152 1,152

2,004 Middle East 1,864 1,927 1,189 901 952

427 North Africa 610 924 924 1,228 1,428

2,229 Sub-Saharan Africa 2,133 2,191 1,984 1,771 1,791

53,832 East Asia 57,296 61,919 68,339 73,589 73,424

26,891 South Asia 24,920 21,428 21,471 19,897 20,027

23,486 Southeast Asia 21,976 20,660 17,243 15,220 15,284

238 Oceania 241 223 73 190 190

179 Others 166 187 159 120 132

113,884 Total 113,871 114,934 116,140 117,654 118,093

NOTES: Regional definitions appear on last page of this circular. Imports are reported on a trade year basis. All other data are

reported using local marketing years.

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

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16

COARSE GRAINS: WORLD MARKETS AND TRADE

OVERVIEW

Global corn production in 2016/17 is raised to a new record with larger record crops in both

Argentina and Brazil. 2016/17 corn trade is expected to surpass the previous year’s record as

importing countries take advantage of low prices. Both Mexican and Vietnamese imports are

driven higher this month based on expected robust demand from their respective livestock

sectors in the face of attractive global corn prices. The U.S. season-average farm price is

unchanged at $3.40 per bushel.

PRICES

Corn prices in Argentina and the United States are down this month as a result of record supplies

in South America. Argentine prices were pared back $3/ton this month on the basis of ample

availabilities, dropping to around $165/ton. U.S. quotes plunged following expectations of the

impending South American harvest, retreating $13/ton to $157/ton. Black Sea prices were

unchanged at $171, while Brazilian prices were seasonally unavailable.

150

160

170

180

190

200

210

220

$/M

T

Corn Daily Export Bids

U.S. Gulf Brazil Paranagua Black Sea Argentina Up River

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

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17

TRADE CHANGES IN 2016/17

Selected Exporters

Argentine corn is raised 500,000 tons to 26.5 million on a record crop.

EU barley is cut 500,000 tons to 5.4 million on a tepid pace as indicated by customs data

and waning demand from North African countries.

Russian barley is down 200,000 tons to 3.4 million on the lackluster speed of recent

shipments.

Ukrainian barley is up 200,000 tons to 5.2 million on data reflecting stronger-than-

expected shipments and relatively competitive prices.

Selected Importers

Mexican corn is boosted 1.0 million tons to 14.8 million reflecting strong U.S. sales.

Indonesian corn is halved to 500,000 tons on larger domestic supplies.

Philippines corn is cut 200,000 tons to 700,000 on a record crop.

South African corn is down 300,000 tons to 1.5 million on weakening imports in recent

months.

Venezuelan corn is cut 500,000 tons to 1.7 million on slower sales by the United States

and Argentina.

Vietnamese corn is raised 1.0 million tons to 9.5 million on expectations of greater

demand for competitively priced feed grains.

Moroccan barley is lowered 300,000 tons to 600,000 reflecting a slow pace of shipments

from the EU and an improvement in early-spring pasture conditions relative to a year ago.

Tunisian barley is down 200,000 tons to 400,000 on slow shipments from the EU.

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 18: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

World Coarse Grain Trade

October/September Year, Thousand Metric Tons

2012/13 2013/14 2014/15 2015/16 2016/17

Mar

2016/17

Apr

none

TY Exports

29,35528,85525,28421,00316,63029,497 Argentina

8,8758,8756,3897,2867,0046,411 Australia

22,53022,53035,41521,95422,05926,078 Brazil

4,4504,4504,6873,5995,4824,658 Canada

7,7308,23010,93415,0687,8418,943 European Union

2,3152,3152,6763,0312,7182,861 Paraguay

8,7358,9358,4659,1557,0744,366 Russia

2,5602,5601,5463,0011,799605 Serbia

1,8251,8257697622,1282,412 South Africa

24,11023,91021,45724,20824,12515,527 Ukraine

7,3707,3807,9348,43511,61010,454 Others

119,855119,865125,556117,502108,470111,812 Subtotal

62,48562,48559,29556,42356,77620,586 United States

182,340182,350184,851173,925165,246132,398 World Total

none

TY Imports

5,4255,4255,2244,8634,9463,289 Algeria

2,7002,7002,1211,0231,1841,238 Brazil

2,0252,0251,8051,7071,6211,327 Chile

13,10013,10017,49925,69912,4455,603 China

5,0405,1404,8244,7474,7954,090 Colombia

9,1059,1058,8497,9408,7755,097 Egypt

13,65513,65514,2619,40816,35511,778 European Union

10,10010,1008,3008,0006,6004,800 Iran

1,8101,8101,5101,6032,0731,564 Israel

16,87016,87017,06316,72617,50117,742 Japan

1,4751,4751,7221,4591,6721,406 Jordan

9,8859,88510,19210,24510,4998,265 Korea, South

1,5001,5001,9051,6851,4931,220 Libya

3,8003,8004,1343,2383,4853,048 Malaysia

15,77514,77514,90411,64011,3127,624 Mexico

2,9003,2003,1822,2172,8581,832 Morocco

3,1353,0353,1082,8632,3362,404 Peru

14,71014,71013,99211,11511,33212,390 Saudi Arabia

1,7302,0302,72869323592 South Africa

4,7004,7004,7813,9384,3464,413 Taiwan

1,6001,8001,7131,5251,4491,608 Tunisia

1,6551,6557132,7191,9771,922 Turkey

1,7002,2001,7382,4332,6272,154 Venezuela

9,5008,5008,6006,7004,3001,600 Vietnam

1,4401,440834720620720 Zimbabwe

19,51120,16120,17121,18719,55116,043 Others

174,846174,796175,873166,093156,387123,269 Subtotal

3,9393,9994,9964,5375,5362,614 Unaccounted

3,5553,5553,9823,2953,3236,515 United States

182,340182,350184,851173,925165,246132,398 World Total

TY=Trade Year, see Endnotes.

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

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World Coarse Grains Production, Consumption, and Stocks

Local Marketing Years, Thousand Metric Tons

2012/13 2013/14 2014/15 2015/16 2016/17

Mar

2016/17

Apr

none

Production

46,17845,17837,93936,78235,66537,246 Argentina

16,63416,63412,43712,60512,15811,414 Australia

96,01794,01769,12687,66982,60384,253 Brazil

25,63025,63025,61921,99228,74524,445 Canada

227,854227,854231,822222,750225,407212,192 China

12,75012,7509,98514,44213,07912,286 Ethiopia

152,169152,169151,727170,670159,212146,188 European Union

44,20044,20038,52843,07643,21639,910 India

10,90010,20010,5009,0009,1008,500 Indonesia

33,22532,32532,39732,68932,06528,881 Mexico

18,50018,50017,95019,01519,29218,573 Nigeria

40,76540,91537,42740,38635,73528,658 Russia

15,56715,1638,67811,11015,51812,873 South Africa

10,92510,92514,2759,42513,09010,595 Turkey

39,20539,20533,38739,38940,02229,528 Ukraine

152,963153,435152,287159,730147,560145,599 Others

943,482939,100884,084930,730912,467851,141 Subtotal

402,598402,598367,009377,234367,089285,311 United States

1,346,0801,341,6981,251,0931,307,9641,279,5561,136,452 World Total

none

Domestic Consumption

15,99315,79314,27114,23213,69512,050 Argentina

62,97762,47760,19360,02358,02855,803 Brazil

22,09522,09521,23621,29522,34520,340 Canada

249,750249,750239,165229,059223,546209,671 China

16,05816,05815,80314,83214,12212,910 Egypt

160,280159,580156,910162,555164,401153,341 European Union

42,45042,37040,17040,45037,60035,075 India

16,02016,02013,82012,02011,32010,520 Iran

17,18117,18117,25716,87417,57017,830 Japan

47,01545,91544,71542,17540,93536,195 Mexico

18,50018,50018,15018,95019,35018,700 Nigeria

30,82531,02529,64031,13928,61925,134 Russia

15,10515,10514,10511,90511,41110,750 Saudi Arabia

13,23013,23014,42513,05513,43013,005 Turkey

14,19514,39513,86515,43015,97714,661 Ukraine

247,522247,920241,708240,755227,514218,743 Others

1,006,4251,003,638938,023960,752927,397858,894 Subtotal

328,957329,102312,705311,339305,044275,537 United States

1,335,3821,332,7401,250,7281,272,0911,232,4411,134,431 World Total

none

Ending Stocks

8,9038,1767,0938,21314,2599,560 Brazil

4,8414,8414,6663,3344,6483,024 Canada

103,325103,325112,156102,02782,65968,386 China

12,70412,87914,86518,92215,56513,055 European Union

6,8146,8147,1747,1345,0944,654 Iran

7,0936,2935,9084,8323,4871,542 Mexico

4,3654,3654,4053,3613,7223,230 Saudi Arabia

46,97945,48442,92452,16747,31836,968 Others

195,024192,177199,191199,990176,752140,419 Subtotal

62,97762,83248,11246,94834,31323,531 United States

258,001255,009247,303246,938211,065163,950 World Total

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

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Regional Coarse Grains Imports, Production, Consumption, and Stocks

Thousand Metric Tons

2012/13 2013/14 2014/15 2015/16

Mar

2016/17

Apr

2016/17

TY Imports none

14,661 North America 15,349 16,648 19,976 19,420 20,420

2,470 Central America 2,923 3,456 3,938 3,875 3,875

2,327 Caribbean 2,330 2,444 2,597 2,685 2,685

11,812 South America 13,180 13,355 13,962 16,175 15,675

11,778 European Union - 28 16,355 9,408 14,261 13,655 13,655

728 Former Soviet Union - 12 807 723 553 655 655

25,078 Middle East 26,614 27,768 29,379 32,930 32,930

13,046 North Africa 19,521 18,230 20,873 21,030 20,530

2,737 Sub-Saharan Africa 3,616 4,569 7,018 6,805 6,505

36,176 East Asia 44,865 56,665 49,588 44,635 44,635

7,961 Southeast Asia 12,814 14,736 15,810 14,875 15,175

1,010 Others 1,336 1,386 1,900 1,611 1,661

129,784 Total 159,710 169,388 179,855 178,351 178,401

Production none

338,637 North America 427,899 431,915 425,025 460,553 461,453

135,866 South America 131,683 138,336 121,697 152,048 153,592

146,188 European Union - 28 159,212 170,670 151,727 152,169 152,169

6,567 Other Europe 8,911 10,759 9,014 10,523 10,615

68,343 Former Soviet Union - 12 87,859 91,821 82,551 93,116 92,966

18,632 Middle East 21,630 17,819 22,697 19,284 19,284

10,473 North Africa 11,560 11,092 12,497 9,815 9,815

103,567 Sub-Saharan Africa 102,631 109,419 95,073 105,933 106,337

214,616 East Asia 227,797 225,528 234,465 230,503 230,509

47,642 South Asia 51,986 51,822 47,382 53,028 53,428

29,005 Southeast Asia 30,616 30,945 31,418 32,773 33,959

12,082 Oceania 12,805 13,283 13,129 17,209 17,209

4,834 Others 4,967 4,555 4,418 4,744 4,744

1,136,452 Total 1,279,556 1,307,964 1,251,093 1,341,698 1,346,080

Domestic Consumption none

332,072 North America 368,324 374,809 378,656 397,112 398,067

89,646 South America 94,216 97,060 97,880 102,222 101,986

153,341 European Union - 28 164,401 162,555 156,910 159,580 160,280

7,098 Other Europe 7,753 8,193 8,435 8,472 8,500

50,325 Former Soviet Union - 12 55,861 58,303 54,775 57,282 56,982

42,852 Middle East 45,753 45,586 51,216 53,262 53,272

25,171 North Africa 28,059 30,230 32,391 32,013 32,013

103,198 Sub-Saharan Africa 102,361 109,819 103,356 106,301 106,301

242,831 East Asia 257,690 262,918 273,505 284,102 284,102

42,704 South Asia 46,165 49,379 49,865 51,924 52,304

35,387 Southeast Asia 38,543 41,133 43,589 46,016 46,116

6,107 Oceania 5,764 5,846 6,654 6,999 6,999

9,533 Others 10,017 10,257 10,906 11,231 11,231

1,140,265 Total 1,224,907 1,256,088 1,268,138 1,316,516 1,318,153

Ending Stocks none

28,097 North America 42,448 55,114 58,686 73,966 74,911

15,551 South America 21,425 16,164 14,208 15,389 16,348

13,055 European Union - 28 15,565 18,922 14,865 12,879 12,704

619 Other Europe 796 1,062 822 1,218 1,239

5,038 Former Soviet Union - 12 7,015 7,493 4,548 6,367 6,867

9,933 Middle East 11,721 12,634 13,968 12,880 12,840

3,584 North Africa 5,629 5,443 5,880 4,602 4,602

9,049 Sub-Saharan Africa 9,542 12,319 8,095 9,497 9,601

71,687 East Asia 86,671 105,929 116,453 107,424 107,460

2,404 South Asia 4,095 5,214 2,935 3,919 4,165

3,259 Southeast Asia 4,114 4,040 4,728 3,325 3,721

906 Oceania 1,120 1,640 1,155 2,535 2,535

768 Others 924 964 960 1,008 1,008

163,950 Total 211,065 246,938 247,303 255,009 258,001

NOTES: Regional definitions appear on last page of this circular. Imports are reported on a trade year basis. All other data are

reported using local marketing years.

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 21: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

World Corn Trade

October/September Year, Thousand Metric Tons

2012/13 2013/14 2014/15 2015/16 2016/17

Mar

2016/17

Apr

none

TY Exports

26,50026,00021,67218,44812,84622,789 Argentina

22,50022,50035,38221,90922,04126,044 Brazil

1,1001,1001,0001,2501,100750 Burma

1,0001,0001,7643951,9391,813 Canada

2,0002,0001,9494,0272,4042,194 European Union

2,3002,3002,6613,0122,7142,858 Paraguay

5,3005,3004,6913,2134,1941,917 Russia

2,5002,5001,5132,9641,780578 Serbia

1,8001,8007597462,1042,398 South Africa

18,70018,70016,59519,66120,00412,726 Ukraine

4,7904,8005,7455,9849,0138,417 Others

88,49088,00093,73181,60980,13982,484 Subtotal

56,50056,50051,19846,83150,69118,262 United States

144,990144,500144,929128,440130,830100,746 World Total

none

TY Imports

4,5004,5004,3294,1164,1562,918 Algeria

2,2002,2001,566534846869 Brazil

1,0001,0009491,536678492 Canada

1,8001,8001,6001,5161,456844 Chile

3,0003,0003,1745,5163,2772,702 China

4,7004,8004,4584,4964,4363,266 Colombia

1,3501,3501,3511,2021,0111,046 Dominican Republic

9,0009,0008,7767,8418,7265,059 Egypt

13,10013,10013,7688,90816,01411,362 European Union

8,5008,5006,6006,1005,5003,700 Iran

1,5001,5001,1521,2961,6521,224 Israel

15,00015,00015,19414,65715,12114,411 Japan

9,8009,80010,12110,16810,4068,174 Korea, South

3,8003,8004,1343,2383,4853,048 Malaysia

14,80013,80014,01111,34110,9495,676 Mexico

2,3002,3002,2241,9412,3491,684 Morocco

3,0002,9002,9852,7412,2322,254 Peru

3,7003,7003,5832,9042,6842,063 Saudi Arabia

1,5001,8002,579469790 South Africa

4,6004,6004,6563,8104,1794,241 Taiwan

1,2001,2001,0171,042993846 Tunisia

1,5001,5005672,3771,3811,656 Turkey

1,7002,2001,7382,4332,6262,154 Venezuela

9,5008,5008,6006,7004,3001,600 Vietnam

1,4001,400800700600700 Zimbabwe

15,92016,62016,67017,30916,82412,871 Others

140,370139,870136,602124,891125,96094,860 Subtotal

3,2203,2306,5482,7404,1431,621 Unaccounted

1,4001,4001,7798097274,265 United States

144,990144,500144,929128,440130,830100,746 World Total

TY=Trade Year, see Endnotes.

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 22: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

World Corn Production, Consumption, and Stocks

Local Marketing Years, Thousand Metric Tons

2012/13 2013/14 2014/15 2015/16 2016/17

Mar

2016/17

Apr

none

Production

38,50037,50029,00029,75026,00027,000 Argentina

93,50091,50067,00085,00080,00081,500 Brazil

13,20013,20013,55911,48714,19413,060 Canada

219,554219,554224,632215,646218,489205,614 China

6,3006,3005,0507,2356,4926,158 Ethiopia

60,29560,29558,41075,73464,93159,142 European Union

26,00026,00022,57024,17024,25922,258 India

10,90010,20010,5009,0009,1008,500 Indonesia

27,00026,00025,97125,48022,88021,591 Mexico

7,2007,2007,0007,5157,7007,630 Nigeria

8,1107,9006,9707,6717,5327,261 Philippines

15,30515,50013,16811,32511,6358,213 Russia

7,5007,5006,0007,7005,9003,750 Serbia

15,00014,6008,21410,62914,92512,365 South Africa

28,00028,00023,33328,45030,90020,922 Ukraine

92,61693,21596,43898,15194,28991,610 Others

668,980664,464617,815654,943639,226596,574 Subtotal

384,778384,778345,506361,091351,272273,192 United States

1,053,7581,049,242963,3211,016,034990,498869,766 World Total

none

Total Consumption

10,70010,5009,1509,3008,8007,900 Argentina

60,00059,50057,50057,00055,00052,500 Brazil

12,90012,90012,35412,82012,67511,604 Canada

231,000231,000217,500202,000208,000200,000 China

15,10015,10014,85013,90013,20012,000 Egypt

73,00073,00073,20077,88076,79669,846 European Union

24,60024,60023,55022,35019,60017,500 India

12,20012,30012,10012,20011,90010,900 Indonesia

11,10011,1008,8007,4006,8006,200 Iran

15,10015,10015,20014,60015,00014,300 Japan

9,9009,90010,12310,2509,8918,481 Korea, South

39,80038,60037,30034,55031,70027,000 Mexico

9,6009,6008,7008,1007,5006,400 Russia

11,70011,70011,20011,65011,50011,000 South Africa

13,20012,90012,0009,4007,7006,200 Vietnam

160,496161,056158,569158,783153,393144,132 Others

727,767724,587662,442679,215655,920601,697 Subtotal

314,847314,847298,869301,792292,958262,973 United States

1,042,6141,039,434961,311981,007948,878864,670 World Total

none

Ending Stocks

2,8582,5581,0532,8981,4081,308 Argentina

8,5697,8426,7697,84213,9729,150 Brazil

2,5432,5432,2431,4021,6001,549 Canada

102,308102,308110,774100,47281,32367,579 China

5,0505,0506,6559,6266,8915,146 European Union

5,9965,9966,0565,7164,4763,236 Iran

6,4135,6135,2134,0902,603975 Mexico

30,30729,83528,94733,80331,23123,374 Others

164,044161,745167,710165,849143,504112,317 Subtotal

58,93358,93344,12343,97431,29220,859 United States

222,977220,678211,833209,823174,796133,176 World Total

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 23: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

Regional Corn Imports, Production, Consumption, and Stocks

Thousand Metric Tons

2012/13 2013/14 2014/15 2015/16

Mar

2016/17

Apr

2016/17

TY Imports none

10,433 North America 12,354 13,686 16,739 16,200 17,200

2,470 Central America 2,922 3,456 3,938 3,875 3,875

9,651 South America 12,025 12,042 12,523 14,770 14,270

11,362 European Union - 28 16,014 8,908 13,768 13,100 13,100

322 Former Soviet Union - 12 448 491 359 420 420

10,944 Middle East 13,812 15,237 14,916 17,975 17,975

11,154 North Africa 17,036 15,624 16,927 17,700 17,700

2,087 Sub-Saharan Africa 2,941 3,776 6,289 6,070 5,770

29,681 East Asia 33,057 34,208 33,198 32,480 32,480

7,943 Southeast Asia 12,768 14,722 15,795 14,860 15,160

2,327 Caribbean 2,330 2,444 2,597 2,685 2,685

751 Others 980 1,106 1,332 1,135 1,135

99,125 Total 126,687 125,700 138,381 141,270 141,770

Production none

307,843 North America 388,346 398,058 385,036 423,978 424,978

120,997 South America 117,456 126,892 108,736 139,484 141,209

59,142 European Union - 28 64,931 75,734 58,410 60,295 60,295

4,912 Other Europe 7,222 8,963 7,191 8,729 8,729

32,438 Former Soviet Union - 12 47,034 43,951 39,872 47,622 47,427

7,493 Middle East 8,173 7,769 9,228 8,508 8,508

5,919 North Africa 5,898 6,161 6,201 6,201 6,201

60,555 Sub-Saharan Africa 63,519 63,151 55,645 61,483 61,883

207,737 East Asia 220,582 218,095 226,983 221,908 221,908

28,857 South Asia 31,865 31,740 30,240 33,570 33,970

3,755 Central America 3,817 3,416 3,300 3,600 3,600

28,740 Southeast Asia 30,334 30,651 31,123 32,483 33,669

1,378 Others 1,321 1,453 1,356 1,381 1,381

869,766 Total 990,498 1,016,034 963,321 1,049,242 1,053,758

Domestic Consumption none

301,577 North America 337,333 349,162 348,523 366,347 367,547

78,981 South America 83,551 86,651 87,426 90,885 90,825

69,846 European Union - 28 76,796 77,880 73,200 73,000 73,000

5,194 Other Europe 5,847 6,147 6,422 6,520 6,520

18,180 Former Soviet Union - 12 21,255 21,637 20,435 21,965 21,965

18,710 Middle East 19,785 21,710 23,845 26,530 26,530

18,450 North Africa 20,800 22,100 23,140 24,020 24,020

59,984 Sub-Saharan Africa 62,444 63,901 62,258 61,551 61,551

229,234 East Asia 239,185 233,237 249,453 262,955 262,955

23,980 South Asia 26,982 30,057 31,820 32,770 33,070

35,109 Southeast Asia 38,254 40,799 43,284 45,710 45,810

6,175 Central America 6,600 6,710 7,175 7,390 7,390

3,516 Others 3,581 3,984 3,984 4,060 4,060

868,936 Total 942,413 963,975 980,965 1,023,703 1,025,243

Ending Stocks none

23,383 North America 35,495 49,466 51,579 67,089 67,889

13,628 South America 19,022 14,104 12,027 13,467 14,441

5,146 European Union - 28 6,891 9,626 6,655 5,050 5,050

371 Other Europe 504 852 716 1,065 1,065

1,976 Former Soviet Union - 12 3,389 3,039 1,429 3,108 2,916

4,108 Middle East 5,872 7,067 7,194 7,052 7,052

1,771 North Africa 3,117 3,306 3,037 2,908 2,908

6,589 Sub-Saharan Africa 7,534 9,487 6,379 7,541 7,641

70,387 East Asia 84,864 103,922 114,648 106,061 106,061

1,744 South Asia 3,007 3,861 2,399 2,948 3,169

3,254 Southeast Asia 4,108 4,034 4,722 3,325 3,721

487 Central America 597 600 627 692 692

332 Others 396 459 421 372 372

133,176 Total 174,796 209,823 211,833 220,678 222,977

NOTES: Regional definitions appear on last page of this circular. Imports are reported on a trade year basis. All other data are

reported using local marketing years.

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 24: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

World Barley Trade

October/September Year, Thousand Metric Tons

2012/13 2013/14 2014/15 2015/16 2016/17

Mar

2016/17

Apr

none

TY Exports

2,0002,0002,8361,5992,8293,647 Argentina

8,1008,1005,4015,2666,2614,622 Australia

1,7001,7001,1461,3861,7141,316 Canada

5,4005,9008,60310,6424,9266,501 European Union

7070597546546 India

1,0001,000776476501151 Kazakhstan

3,4003,6003,7355,8072,7912,366 Russia

606033371826 Serbia

5,2005,0004,6734,3323,8272,659 Ukraine

5050424336107 Uruguay

7575641234258 Others

27,05527,55527,31429,80823,49121,999 Subtotal

150150161291336163 United States

27,20527,70527,47530,09923,82722,162 World Total

none

TY Imports

900900864723778364 Algeria

500500551489337369 Brazil

5,4005,4005,8699,8594,8912,183 China

285285301249253232 Colombia

3503503152695853 European Union

150100119210 India

1,6001,6001,7001,9001,1001,100 Iran

275275321278304244 Israel

1,1001,1001,1541,0971,2941,356 Japan

800800902759997831 Jordan

400400247412436388 Kuwait

8008001,3241,001681573 Libya

17517513218410847 Mexico

600900958276471148 Morocco

1101109812287103 Peru

11,00011,00010,4008,2008,50010,200 Saudi Arabia

200200100100100300 Syria

400600696483456762 Tunisia

150150146332596266 Turkey

400400467394468541 United Arab Emirates

1,0511,0511,0231,3371,1221,149 Others

26,64627,09627,68728,46623,03821,209 Subtotal

209259-5621,203266522 Unaccounted

350350350430523431 United States

27,20527,70527,47530,09923,82722,162 World Total

TY=Trade Year, see Endnotes.

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 25: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

World Barley Production, Consumption, and Stocks

Local Marketing Years, Thousand Metric Tons

2012/13 2013/14 2014/15 2015/16 2016/17

Mar

2016/17

Apr

none

Production

3,2003,2004,9402,9004,7505,000 Argentina

13,00013,0008,5938,6469,1747,472 Australia

2,1002,1001,8491,9881,6741,917 Belarus

8,8008,8008,2267,11910,2378,012 Canada

2,0002,0001,8701,8101,7001,626 China

2,0502,0501,9501,9531,9081,782 Ethiopia

60,04260,04261,52160,60959,67454,875 European Union

1,9001,9001,4401,8311,7521,619 India

3,0003,0003,0003,2002,8002,770 Iran

1,1001,1001,0501,000944500 Iraq

3,2313,2312,6752,4122,5391,500 Kazakhstan

1,0761,0763,5001,7002,7231,201 Morocco

17,54717,50017,08320,02615,38913,952 Russia

4,7504,7507,4004,0007,3005,500 Turkey

9,9009,9008,7519,4507,5616,935 Ukraine

8,9778,9789,5149,1729,4669,668 Others

142,673142,627143,362137,816139,591124,329 Subtotal

4,3394,3394,7503,9534,7194,768 United States

147,012146,966148,112141,769144,310129,097 World Total

none

Total Consumption

2,0502,0502,1502,0502,0502,000 Algeria

3,7003,7003,3003,0002,8003,000 Australia

2,1002,1001,8502,0001,8002,000 Belarus

7,1657,1656,9686,4717,7186,811 Canada

7,5007,5007,90011,6006,3004,000 China

2,0252,0251,9901,9751,9251,725 Ethiopia

54,60054,10051,70050,90053,40051,000 European Union

1,8501,7701,5201,4001,2001,525 India

4,9004,9005,0004,6004,5004,300 Iran

2,2002,2002,0002,0002,0001,375 Kazakhstan

2,8002,8003,4502,7002,3001,900 Morocco

13,70013,90013,60014,10012,70012,100 Russia

11,02511,02510,2258,5258,6258,325 Saudi Arabia

5,5005,5006,9005,3506,9506,200 Turkey

4,7004,9004,7004,7005,0005,100 Ukraine

17,19417,10917,75616,86517,04715,754 Others

142,504142,834143,430137,331136,093126,663 Subtotal

4,6384,5294,4064,2354,7754,638 United States

147,142147,363147,836141,566140,868131,301 World Total

none

Ending Stocks

1,1401,1401,2901,3041,1781,217 Algeria

1,8691,8696691,120693536 Australia

1,4531,4531,4431,2171,950983 Canada

5,5905,5905,1985,8715,6215,044 European Union

1,3338868361,533904726 Russia

4,0444,0444,0593,0743,3893,003 Saudi Arabia

9149149091,265971872 Ukraine

5,7375,5577,7256,9817,3766,300 Others

22,08021,45322,12922,36522,08218,681 Subtotal

2,1422,2512,2231,7111,7911,750 United States

24,22223,70424,35224,07623,87320,431 World Total

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 26: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

Regional Barley Imports, Production, Consumption, and Stocks

Thousand Metric Tons

2012/13 2013/14 2014/15 2015/16

Mar

2016/17

Apr

2016/17

TY Imports none

499 North America 640 779 613 600 600

1,064 South America 886 1,169 1,157 1,030 1,030

53 European Union - 28 58 269 315 350 350

126 Other Europe 163 120 84 130 130

378 Former Soviet Union - 12 352 226 169 230 230

13,906 Middle East 12,537 12,480 14,415 14,905 14,905

1,884 North Africa 2,432 2,581 3,914 3,300 2,800

52 Sub-Saharan Africa 116 138 40 120 120

3,668 East Asia 6,320 11,080 7,136 6,625 6,625

2 South Asia 11 22 187 131 181

8 Oceania 46 32 7 25 25

21,640 Total 23,561 28,896 28,037 27,446 26,996

Production none

13,812 North America 15,550 11,918 13,728 13,874 13,874

5,884 South America 5,737 3,769 5,951 4,490 4,490

54,875 European Union - 28 59,674 60,609 61,521 60,042 60,042

1,188 Other Europe 1,222 1,236 1,233 1,307 1,301

25,951 Former Soviet Union - 12 29,145 35,637 32,633 34,631 34,678

9,686 Middle East 12,043 8,653 12,058 9,265 9,265

3,631 North Africa 4,739 3,975 5,375 2,684 2,684

2,283 Sub-Saharan Africa 2,357 2,446 2,482 2,605 2,604

1,920 East Asia 1,991 2,134 2,158 2,291 2,297

1,956 South Asia 2,261 2,340 1,943 2,432 2,432

7,911 Oceania 9,591 9,052 9,030 13,345 13,345

129,097 Total 144,310 141,769 148,112 146,966 147,012

Domestic Consumption none

12,349 North America 13,243 11,556 12,299 12,619 12,728

3,152 South America 3,528 3,398 3,768 3,723 3,723

51,000 European Union - 28 53,400 50,900 51,700 54,100 54,600

1,298 Other Europe 1,334 1,404 1,354 1,379 1,354

22,339 Former Soviet Union - 12 23,460 24,724 24,212 25,090 24,790

22,435 Middle East 24,410 22,277 25,900 25,166 25,176

5,790 North Africa 6,282 7,182 8,303 7,038 7,038

2,285 Sub-Saharan Africa 2,461 2,495 2,595 2,670 2,670

5,812 East Asia 8,009 13,162 9,481 9,060 9,060

1,868 South Asia 1,713 1,923 2,053 2,328 2,408

3,425 Oceania 3,250 3,450 3,750 4,100 4,100

131,753 Total 141,090 142,471 145,415 147,273 147,647

Ending Stocks none

3,014 North America 3,974 3,326 4,069 4,092 3,983

657 South America 816 716 982 918 918

5,044 European Union - 28 5,621 5,871 5,198 5,590 5,590

220 Other Europe 240 164 71 122 90

2,187 Former Soviet Union - 12 2,581 3,454 2,454 2,223 2,902

5,733 Middle East 5,781 5,508 6,719 5,778 5,738

1,785 North Africa 2,489 2,089 2,794 1,640 1,640

330 Sub-Saharan Africa 338 425 348 403 402

736 East Asia 1,038 1,090 903 759 765

137 South Asia 247 259 98 293 308

588 Oceania 748 1,174 716 1,886 1,886

20,431 Total 23,873 24,076 24,352 23,704 24,222

NOTES: Regional definitions appear on last page of this circular. Imports are reported on a trade year basis. All other data are

reported using local marketing years.

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 27: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

World Sorghum Trade

October/September Year, Thousand Metric Tons

2012/13 2013/14 2014/15 2015/16 2016/17

Mar

2016/17

Apr

none

TY Exports

8508507729549533,059 Argentina

4004007171,7014081,428 Australia

25252913112 Brazil

252525757575 Ethiopia

50507412288231 India

100100501005050 Nigeria

150150120156229124 Ukraine

130130133195218191 Others

1,7301,7301,9203,3162,0325,160 Subtotal

5,8005,8007,8959,2695,7142,136 United States

7,5307,5309,81512,5857,7467,296 World Total

none

TY Imports

90901223 Bolivia

15015013498109404 Chile

4,5004,5008,28410,1624,161631 China

150150119131184291 European Union

7007006499031,0031,897 Japan

10010010511794102 Kenya

700700661291621,793 Mexico

100100231321410 Pakistan

100100100866144 South Africa

10010020012075175 Sudan

4454454824158761,266 Others

7,1357,13510,96612,0956,7416,616 Subtotal

370370-1,2494631,002437 Unaccounted

252598273243 United States

7,5307,5309,81512,5857,7467,296 World Total

TY=Trade Year, see Endnotes.

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 28: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

World Sorghum Production, Consumption, and Stocks

Local Marketing Years, Thousand Metric Tons

2012/13 2013/14 2014/15 2015/16 2016/17

Mar

2016/17

Apr

none

Production

3,6003,6003,3753,5004,4004,700 Argentina

1,2001,2002,0372,2091,2822,230 Australia

1,5301,5301,0802,0551,8902,102 Brazil

1,9001,9001,4361,7081,8801,924 Burkina

1,1501,1501,1501,1501,1501,100 Cameroon

9009008358977451,172 Chad

3,8003,8002,7502,8852,8922,556 China

3,7003,7002,6004,3393,8293,604 Ethiopia

4,8004,8004,2385,4455,5425,281 India

1,3001,3001,3001,2728201,212 Mali

5,4005,5005,5876,2708,5006,174 Mexico

1,3001,3001,9171,4261,3201,376 Niger

6,5006,5006,1506,7006,5925,943 Nigeria

900900900990720650 South Sudan

5,5005,5002,3886,2812,2494,524 Sudan

6,8247,0006,7007,1126,8956,444 Others

50,30450,58044,44354,23950,70650,992 Subtotal

12,19912,19915,15810,9889,9666,293 United States

62,50362,77959,60165,22760,67257,285 World Total

none

Total Consumption

2,9502,9502,9002,8002,7002,300 Argentina

1,5001,5001,1502,0002,0002,300 Brazil

1,8001,8001,4651,7001,9001,850 Burkina

1,1751,1751,1751,1751,1651,110 Cameroon

9009008659008501,150 Chad

8,5008,50011,00012,9006,8003,200 China

3,6503,6503,1004,1003,9003,700 Ethiopia

880880860995880795 European Union

4,8004,8004,6005,1005,2005,150 India

1,3001,3001,3001,2009501,200 Mali

6,1006,2006,3006,6008,3008,100 Mexico

1,4501,4501,8201,4501,3001,200 Niger

6,4006,4006,0506,6506,5505,900 Nigeria

9609609501,050790650 South Sudan

5,5005,5003,1006,0002,5504,700 Sudan

8,1198,2958,4328,0498,42810,212 Others

56,31956,59554,64762,54355,33952,318 Subtotal

6,2226,4766,2132,4594,1304,796 United States

62,54163,07160,86065,00259,46957,114 World Total

none

Ending Stocks

6466468969711,202781 Argentina

179179184252177189 Australia

502502717706568326 China

286286286338647285 Mexico

268268393271270225 Niger

200200200150200208 Nigeria

321321226743357588 Sudan

1,2401,2101,0652,2571,6461,741 Others

3,6423,6123,9675,6885,0674,343 Subtotal

1,217963930468864385 United States

4,8594,5754,8976,1565,9314,728 World Total

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 29: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

Regional Sorghum Imports, Production, Consumption, and Stocks

Thousand Metric Tons

2012/13 2013/14 2014/15 2015/16

Mar

2016/17

Apr

2016/17

TY Imports none

2,036 North America 165 56 759 725 725

1,071 South America 240 114 237 325 325

291 European Union - 28 184 131 119 150 150

0 Other Europe 0 0 0 0 0

194 Middle East 232 23 33 20 20

1 North Africa 41 1 1 5 5

587 Sub-Saharan Africa 540 609 658 565 565

2,650 East Asia 5,281 11,142 9,011 5,255 5,255

18 Southeast Asia 46 14 15 15 15

11 Others 15 32 231 100 100

6,859 Total 6,744 12,122 11,064 7,160 7,160

Production none

12,467 North America 18,466 17,258 20,745 17,699 17,599

327 Central America 327 326 335 335 335

92 Caribbean 94 92 92 91 91

7,336 South America 6,920 6,220 5,006 5,877 5,696

473 European Union - 28 703 887 731 744 744

667 Middle East 634 691 650 750 750

757 North Africa 767 809 755 755 755

24,708 Sub-Saharan Africa 22,512 28,021 21,869 26,321 26,326

2,560 East Asia 2,895 2,887 2,752 3,802 3,802

5,404 South Asia 5,661 5,548 4,383 4,930 4,930

55 Southeast Asia 57 55 55 50 50

2,230 Oceania 1,282 2,209 2,037 1,200 1,200

209 Others 354 224 191 225 225

57,285 Total 60,672 65,227 59,601 62,779 62,503

Domestic Consumption none

12,896 North America 12,430 9,059 12,513 12,676 12,322

325 Central America 317 321 340 335 335

92 Caribbean 94 92 92 91 91

5,926 South America 5,598 5,596 4,787 5,482 5,306

795 European Union - 28 880 995 860 880 880

877 Middle East 755 845 695 775 775

756 North Africa 813 785 755 755 755

24,914 Sub-Saharan Africa 23,177 27,643 23,304 26,506 26,506

5,221 East Asia 7,951 13,882 11,733 9,260 9,260

5,283 South Asia 5,334 5,235 4,956 5,030 5,030

68 Southeast Asia 64 95 65 66 66

1,080 Oceania 905 505 1,105 805 805

80 Others 75 75 75 75 75

58,313 Total 58,393 65,128 61,280 62,736 62,206

Ending Stocks none

670 North America 1,511 806 1,216 1,249 1,503

18 Central America 21 26 16 11 11

1,138 South America 1,458 1,238 1,044 819 804

5 European Union - 28 18 27 13 22 22

61 Middle East 27 39 35 30 30

27 North Africa 22 47 48 53 53

2,073 Sub-Saharan Africa 1,630 2,300 1,352 1,537 1,542

413 East Asia 627 765 773 525 555

109 South Asia 364 587 151 91 101

189 Oceania 177 252 184 179 179

25 Others 76 69 65 59 59

4,728 Total 5,931 6,156 4,897 4,575 4,859

NOTES: Regional definitions appear on last page of this circular. Imports are reported on a trade year basis. All other data are

reported using local marketing years.

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 30: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

World Oats Trade

October/September Year, Thousand Metric Tons

2012/13 2013/14 2014/15 2015/16 2016/17

Mar

2016/17

Apr

none

TY Exports

554222 Argentina

300300214264267237 Australia

1,6001,6001,6661,7291,7321,351 Canada

757575844941 Chile

200200220231291126 European Union

1010161464 Russia

5050484662 Ukraine

1010981410 Others

2,2502,2502,2522,3782,3671,773 Subtotal

303035292918 United States

2,2802,2802,2872,4072,3961,791 World Total

none

TY Imports

550300 Albania

25253124127 Algeria

554432 Bosnia and Herzegovina

15151012279 Canada

20020017216211687 China

551221 Colombia

404038212119 Ecuador

559434 European Union

505050474651 Japan

1001001008693108 Mexico

1010743836 Norway

551222 Serbia

505031461911 South Africa

505042495144 Switzerland

550400 Turkey

5510886 Others

575575506478441387 Subtotal

1251252431628949 Unaccounted

1,5801,5801,5381,7671,8661,355 United States

2,2802,2802,2872,4072,3961,791 World Total

TY=Trade Year, see Endnotes.

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 31: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

World Oats Production, Consumption, and Stocks

Local Marketing Years, Thousand Metric Tons

2012/13 2013/14 2014/15 2015/16 2016/17

Mar

2016/17

Apr

none

Production

110110110110110110 Algeria

785785553525445496 Argentina

1,9001,9001,3081,1981,2551,121 Australia

400400492522352422 Belarus

650650783351380361 Brazil

3,0003,0003,4282,9793,9062,830 Canada

600600533421610680 Chile

600600600600580600 China

7,8587,8587,4947,8218,3807,909 European Union

335335244226305200 Kazakhstan

909087939184 Mexico

330240286283224232 Norway

4,7504,7504,5275,2674,9324,027 Russia

210210210210210210 Turkey

500500498610467630 Ukraine

341341326298319315 Others

22,45922,36921,47921,51422,56620,227 Subtotal

9409401,3001,019938892 United States

23,39923,30922,77922,53323,50421,119 World Total

none

Total Consumption

135135137126118119 Algeria

750750550525425500 Argentina

1,3501,3501,025950950925 Australia

400400500500375400 Belarus

645645765345375350 Brazil

1,6501,6501,6161,6811,6601,592 Canada

525525425355570600 Chile

850850795750700675 China

7,9007,7006,9007,7308,0757,700 European Union

300300245225275225 Kazakhstan

190190190175185195 Mexico

295250295295245295 Norway

4,6504,6504,6005,2004,9004,300 Russia

215215210215215215 Turkey

450450450600475600 Ukraine

549549488473492451 Others

20,88620,69119,41520,14220,25519,217 Subtotal

2,6962,6962,7022,4472,7572,743 United States

23,58223,38722,11722,58923,01221,960 World Total

none

Ending Stocks

959565656749 Argentina

4014011519310560 Australia

6936939286731,054446 Canada

7474124147135139 China

9731,1231,160770894901 European Union

671422253416 Norway

289289199289230203 Russia

271271234203223268 Others

2,8632,9602,8832,2652,7422,082 Subtotal

661661824780359527 United States

3,5243,6213,7073,0453,1012,609 World Total

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 32: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

Regional Oats Imports, Production, Consumption, and Stocks

Thousand Metric Tons

2012/13 2013/14 2014/15 2015/16

Mar

2016/17

Apr

2016/17

TY Imports none

1,472 North America 1,986 1,865 1,648 1,695 1,695

26 South America 29 30 45 50 50

4 European Union - 28 3 4 9 5 5

84 Other Europe 94 62 54 75 75

0 Former Soviet Union - 12 2 1 4 0 0

0 Middle East 0 4 0 5 5

7 North Africa 12 24 31 25 25

11 Sub-Saharan Africa 19 46 31 50 50

138 East Asia 162 209 222 250 250

0 Oceania 0 0 0 0 0

1,742 Total 2,307 2,245 2,044 2,155 2,155

Production none

3,806 North America 4,935 4,091 4,815 4,030 4,030

1,577 South America 1,478 1,325 1,910 2,077 2,077

7,909 European Union - 28 8,380 7,821 7,494 7,858 7,858

365 Other Europe 359 418 424 375 465

5,285 Former Soviet Union - 12 6,062 6,631 5,767 5,991 5,991

210 Middle East 210 210 210 210 210

166 North Africa 156 147 166 175 175

60 Sub-Saharan Africa 59 55 55 55 55

602 East Asia 582 602 601 601 601

1,139 Oceania 1,283 1,233 1,337 1,937 1,937

21,119 Total 23,504 22,533 22,779 23,309 23,399

Domestic Consumption none

4,530 North America 4,602 4,303 4,508 4,536 4,536

1,515 South America 1,447 1,285 1,805 2,012 2,012

7,700 European Union - 28 8,075 7,730 6,900 7,700 7,900

474 Other Europe 435 486 489 446 491

5,531 Former Soviet Union - 12 6,031 6,531 5,801 5,806 5,806

215 Middle East 215 215 210 215 215

175 North Africa 164 163 193 200 200

72 Sub-Saharan Africa 95 94 88 105 105

730 East Asia 750 800 845 900 900

943 Oceania 978 985 1,054 1,385 1,385

21,885 Total 22,792 22,592 21,893 23,305 23,550

Ending Stocks none

974 North America 1,417 1,459 1,758 1,360 1,360

128 South America 129 106 155 185 185

901 European Union - 28 894 770 1,160 1,123 973

28 Other Europe 52 46 35 31 84

332 Former Soviet Union - 12 346 397 298 418 418

13 Middle East 8 6 6 6 6

1 North Africa 1 1 1 1 1

28 Sub-Saharan Africa 11 18 16 16 16

144 East Asia 138 149 127 78 78

60 Oceania 105 93 151 403 403

2,609 Total 3,101 3,045 3,707 3,621 3,524

NOTES: Regional definitions appear on last page of this circular. Imports are reported on a trade year basis. All other data are

reported using local marketing years.

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 33: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

World Rye Trade

October/September Year, Thousand Metric Tons

2012/13 2013/14 2014/15 2015/16 2016/17

Mar

2016/17

Apr

none

TY Exports

202024000 Belarus

1501501118997178 Canada

125125160167201122 European Union

2525231218379 Russia

101021135916 Ukraine

000111 Others

330330339391441396 Subtotal

556367 United States

335335345394447403 World Total

none

TY Imports

505050969668 European Union

252515183334 Israel

202016223727 Japan

5554812 Korea, South

1010262118 Norway

5555525 Russia

553669 Switzerland

0016614 Others

120120112163207197 Subtotal

151516-3136-15 Unaccounted

200200217262204221 United States

335335345394447403 World Total

TY=Trade Year, see Endnotes.

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 34: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

World Rye Production, Consumption, and Stocks

Local Marketing Years, Thousand Metric Tons

2012/13 2013/14 2014/15 2015/16 2016/17

Mar

2016/17

Apr

none

Production

797961975240 Argentina

8008007538676481,082 Belarus

410410226218223337 Canada

7,9977,9977,8328,86410,1518,763 European Union

2,5382,5402,0843,2793,3602,132 Russia

350350350300365370 Turkey

390390394475638676 Ukraine

141133176174130146 Others

12,70512,69911,87614,27415,56713,546 Subtotal

342342295183194166 United States

13,04713,04112,17114,45715,76113,712 World Total

none

Total Consumption

797961975240 Argentina

252522191940 Australia

8008008008507001,000 Belarus

160160118134107127 Canada

8,4008,4008,1008,6009,6508,700 European Union

404037654050 Kazakhstan

302267463524 Norway

2,2502,2502,1753,2503,1002,000 Russia

350350350325350375 Turkey

380380420475625625 Ukraine

11111191106142132 Others

12,62112,60312,26013,97214,81513,121 Subtotal

554554515406424387 United States

13,17513,15712,77514,37815,23913,508 World Total

none

Ending Stocks

797999166149201 Belarus

15215252424446 Canada

5055301,0081,3861,204795 European Union

554483 Kazakhstan

413400130264344153 Russia

141414143318 Turkey

757575106128166 Ukraine

112347 Others

1,2441,2561,3841,9851,9141,389 Subtotal

24241215710 United States

1,2681,2801,3962,0001,9211,399 World Total

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 35: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

Regional Rye Imports, Production, Consumption, and Stocks

Thousand Metric Tons

2012/13 2013/14 2014/15 2015/16

Mar

2016/17

Apr

2016/17

TY Imports none

221 North America 204 262 217 200 200

0 South America 0 0 0 0 0

68 European Union - 28 96 96 50 50 50

29 Other Europe 28 12 5 15 15

27 Former Soviet Union - 12 5 5 21 5 5

34 Middle East 33 24 15 25 25

0 Sub-Saharan Africa 0 0 0 0 0

39 East Asia 45 26 21 25 25

0 Oceania 0 0 0 0 0

418 Total 411 425 329 320 320

Production none

503 North America 417 401 521 752 752

47 South America 59 105 69 91 91

8,763 European Union - 28 10,151 8,864 7,832 7,997 7,997

46 Other Europe 57 82 106 52 60

3,940 Former Soviet Union - 12 4,689 4,682 3,268 3,771 3,769

370 Middle East 365 300 350 350 350

3 Sub-Saharan Africa 3 3 3 3 3

0 East Asia 0 0 0 0 0

40 Oceania 20 20 22 25 25

13,712 Total 15,761 14,457 12,171 13,041 13,047

Domestic Consumption none

514 North America 531 540 633 714 714

47 South America 59 105 69 91 91

8,700 European Union - 28 9,650 8,600 8,100 8,400 8,400

76 Other Europe 86 96 110 67 75

3,675 Former Soviet Union - 12 4,465 4,640 3,432 3,470 3,470

409 Middle East 383 343 365 375 375

2 Sub-Saharan Africa 3 3 3 3 3

37 East Asia 48 27 22 26 26

40 Oceania 19 19 22 25 25

13,500 Total 15,244 14,373 12,756 13,171 13,179

Ending Stocks none

56 North America 51 57 64 176 176

0 South America 0 0 0 0 0

795 European Union - 28 1,204 1,386 1,008 530 505

0 Other Europe 0 0 0 0 0

523 Former Soviet Union - 12 629 540 308 559 572

18 Middle East 33 14 14 14 14

0 Sub-Saharan Africa 0 0 0 0 0

7 East Asia 4 3 2 1 1

0 Oceania 0 0 0 0 0

1,399 Total 1,921 2,000 1,396 1,280 1,268

NOTES: Regional definitions appear on last page of this circular. Imports are reported on a trade year basis. All other data are

reported using local marketing years.

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 36: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

36

HISTORICAL DATA SERIES FOR SELECTED REGIONS AND COUNTRIES

CONTENTS

European Union: Grain Supply and Demand ............................................... 37 China: Grain Supply and Demand ................................................................ 38 Other Europe: Grain Supply and Demand .................................................... 39 Former Soviet Union: Grain Supply and Demand ........................................ 40 Wheat Supply and Disappearance: Selected Exporters ................................ 44 Corn Supply and Disappearance: Selected Exporters ................................... 46 Barley Supply and Disappearance: Selected Exporters ................................ 48 Sorghum Supply and Disappearance: Selected Exporters ............................ 49

U.S. Grains: Supply and Distribution……………………………. .... ……..50 Total Wheat and Coarse Grains: Supply and Demand ................................. 51 World Wheat and Coarse Grains: Supply and Demand ............................... 52 World Corn and Barley: Supply and Demand .............................................. 53 World Rice: Supply and Demand ................................................................. 54

DG F/SA &F

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 37: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

European Union: Grain Supply and Demand

Wheat and Coarse Grains Millions of Metric Tons/Hectares

Area

Harvested

Yield Productio

n

Imports Exports Feed

Dom.

Domestic

Consumpti

Ending

Stocks

Wheat

132.9 128.263.015.76.85.126.0 2005/06 24.1

125.7 126.260.213.95.25.124.7 2006/07 14.8

120.8 117.252.412.46.84.924.9 2007/08 12.8

151.9 127.660.525.47.75.726.8 2008/09 19.4

139.7 125.657.522.35.45.426.0 2009/10 16.6

136.7 122.852.523.14.65.326.0 2010/11 11.9

138.2 127.257.516.77.45.325.8 2011/12 13.5

133.9 119.351.022.85.35.226.0 2012/13 10.7

144.6 117.349.032.04.05.625.9 2013/14 9.9

156.9 124.755.035.56.05.926.7 2014/15 12.7

160.0 129.959.034.76.96.026.8 2015/16 15.1

144.7 129.057.026.55.55.327.1 2016/17 9.7

Coarse Grains

149.7 150.9112.44.32.74.533.2 2005/06 22.8

140.3 150.9112.94.58.14.332.4 2006/07 15.7

138.8 157.2121.64.520.34.232.7 2007/08 13.1

165.2 154.5116.15.73.14.834.1 2008/09 21.3

158.0 152.8114.83.02.94.833.0 2009/10 26.3

143.2 155.0116.96.28.54.730.2 2010/11 16.9

150.1 151.7113.26.57.05.030.2 2011/12 15.7

146.2 153.3113.77.411.84.631.4 2012/13 13.1

159.2 164.4122.48.616.35.131.5 2013/14 15.6

170.7 162.6121.414.09.25.530.8 2014/15 18.9

151.7 156.9116.013.114.25.030.3 2015/16 14.9

152.2 160.3119.97.713.65.130.1 2016/17 12.7

Wheat and Coarse Grains

282.5 279.1175.420.09.44.859.2 2005/06 46.9

265.9 277.1173.118.513.24.757.1 2006/07 30.5

259.6 274.3174.116.927.14.557.5 2007/08 25.9

317.2 282.1176.631.110.85.260.9 2008/09 40.7

297.7 278.4172.325.38.25.059.0 2009/10 42.9

279.9 277.8169.429.313.15.056.3 2010/11 28.8

288.3 278.9170.723.314.35.156.1 2011/12 29.3

280.1 272.6164.730.217.14.957.4 2012/13 23.8

303.8 281.7171.440.720.35.357.4 2013/14 25.5

327.6 287.2176.449.415.25.757.5 2014/15 31.6

311.7 286.8175.047.821.25.557.1 2015/16 29.9

296.8 289.3176.934.219.15.257.2 2016/17 22.4

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 38: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

China: Grain Supply and Demand

Wheat and Coarse Grains Millions of Metric Tons/Hectares

Area

Harvested

Yield Productio

n

Imports Exports Feed

Dom.

Domestic

Consumpti

Ending

Stocks

Wheat

97.4 101.53.51.41.14.322.8 2005/06 34.5

108.5 102.04.02.80.44.623.6 2006/07 38.6

109.3 106.08.02.80.04.623.7 2007/08 39.1

112.5 105.58.00.70.54.823.6 2008/09 45.8

115.1 107.010.00.91.44.724.3 2009/10 54.4

115.2 110.513.00.90.94.724.3 2010/11 59.1

117.4 122.524.01.02.94.824.3 2011/12 55.9

121.0 125.025.01.03.05.024.3 2012/13 54.0

121.9 116.516.00.96.85.124.1 2013/14 65.3

126.2 116.516.00.81.95.224.1 2014/15 76.1

130.2 112.010.50.73.55.424.1 2015/16 97.0

128.9 118.016.00.84.05.324.2 2016/17 111.1

Coarse Grains

147.8 147.1103.53.82.35.128.8 2005/06 36.9

159.0 153.5105.05.51.25.131.1 2006/07 38.0

159.2 157.9106.70.91.25.031.9 2007/08 39.5

172.4 161.2109.10.21.75.432.2 2008/09 52.2

169.8 173.3119.10.23.85.133.4 2009/10 52.3

183.8 188.4128.80.22.75.334.6 2010/11 50.1

198.6 196.2132.00.17.95.635.5 2011/12 60.4

212.2 209.7146.10.15.65.737.1 2012/13 68.4

225.4 223.5157.80.012.45.938.3 2013/14 82.7

222.8 229.1158.80.025.75.739.2 2014/15 102.0

231.8 239.2166.90.017.55.840.2 2015/16 112.2

227.9 249.8171.20.013.15.839.0 2016/17 103.3

Wheat and Coarse Grains

245.3 248.6107.05.23.44.851.6 2005/06 71.4

267.4 255.5109.08.21.54.954.7 2006/07 76.6

268.5 263.9114.73.71.24.855.6 2007/08 78.6

284.9 266.7117.10.92.15.155.8 2008/09 98.0

284.9 280.3129.11.15.24.957.6 2009/10 106.7

299.0 298.9141.81.13.65.158.9 2010/11 109.2

316.0 318.7156.01.110.95.359.8 2011/12 116.3

333.2 334.7171.11.18.65.461.3 2012/13 122.3

347.3 340.0173.80.919.25.662.4 2013/14 147.9

349.0 345.6174.80.827.65.563.3 2014/15 178.1

362.0 351.2177.40.821.05.664.3 2015/16 209.2

356.7 367.8187.20.817.15.663.2 2016/17 214.4

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 39: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

Other Europe: Grain Supply and Demand

Wheat and Coarse Grains Millions of Metric Tons/Hectares

Area

Harvested

Yield Productio

n

Imports Exports Feed

Dom.

Domestic

Consumpti

Ending

Stocks

Wheat

3.8 5.10.90.21.43.81.0 2005/06 1.1

3.5 4.60.70.31.53.71.0 2006/07 1.2

3.7 4.81.00.51.93.81.0 2007/08 1.5

4.0 5.11.20.41.74.40.9 2008/09 1.7

3.8 4.91.00.51.73.91.0 2009/10 1.7

3.2 4.70.80.61.73.70.9 2010/11 1.3

3.6 4.91.00.51.94.20.9 2011/12 1.4

3.4 4.71.00.71.64.00.9 2012/13 1.1

4.1 4.81.11.31.94.50.9 2013/14 0.9

4.1 4.91.10.71.84.11.0 2014/15 1.3

4.3 4.91.21.01.84.60.9 2015/16 1.5

4.6 5.11.41.41.94.81.0 2016/17 1.5

Coarse Grains

10.1 9.78.51.30.64.82.1 2005/06 1.3

9.8 9.68.50.90.84.92.0 2006/07 1.3

6.9 7.96.80.10.93.42.0 2007/08 1.1

9.7 8.77.61.50.64.62.1 2008/09 1.1

9.7 8.77.51.40.74.92.0 2009/10 1.4

10.0 8.77.32.00.75.02.0 2010/11 1.4

9.5 8.47.02.30.84.62.0 2011/12 1.0

6.6 7.15.90.60.73.22.1 2012/13 0.6

8.9 7.86.41.90.94.52.0 2013/14 0.8

10.8 8.26.83.10.85.91.8 2014/15 1.1

9.0 8.47.11.60.85.11.8 2015/16 0.8

10.6 8.57.12.60.95.71.9 2016/17 1.2

Wheat and Coarse Grains

13.9 14.89.41.42.04.53.1 2005/06 2.4

13.3 14.29.21.22.34.53.0 2006/07 2.5

10.6 12.67.80.62.73.53.0 2007/08 2.6

13.7 13.88.81.92.34.63.0 2008/09 2.8

13.5 13.78.51.92.44.53.0 2009/10 3.2

13.2 13.48.12.62.44.62.9 2010/11 2.7

13.1 13.38.12.82.74.52.9 2011/12 2.5

10.0 11.87.01.32.43.42.9 2012/13 1.7

13.0 12.67.53.12.74.52.9 2013/14 1.7

14.8 13.08.03.72.55.32.8 2014/15 2.3

13.3 13.48.32.52.64.92.7 2015/16 2.3

15.3 13.68.53.92.85.42.8 2016/17 2.8

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

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Former Soviet Union: Grain Supply and Demand

Wheat and Coarse Grains Millions of Metric Tons/Hectares

Area

Harvested

Yield Productio

n

Imports Exports Feed

Dom.

Domestic

Consumpti

Ending

Stocks

Wheat

81.0 75.624.413.85.71.845.8 2010/11 23.3

115.0 80.028.439.78.02.349.7 2011/12 26.6

77.8 71.721.625.47.21.844.1 2012/13 14.5

103.8 72.822.737.37.52.247.7 2013/14 15.8

112.4 75.024.540.27.72.446.6 2014/15 20.6

118.0 77.826.751.57.42.448.9 2015/16 16.7

130.2 78.727.553.47.62.650.5 2016/17 22.4

Coarse Grains

47.5 41.928.38.61.12.221.9 2010/11 5.5

78.6 54.438.524.61.02.927.0 2011/12 6.1

68.3 50.335.619.80.72.527.5 2012/13 5.0

87.9 55.940.230.80.83.029.4 2013/14 7.0

91.8 58.342.233.90.83.030.3 2014/15 7.5

82.6 54.839.731.30.52.928.0 2015/16 4.5

93.0 57.041.634.30.73.328.1 2016/17 6.9

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

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Millions of Tons/Hectares

Former Soviet Union: Grain Supply and Demand (Wheat)

Area

Harvested

Ending

Stocks

Total

Consumpti

Feed and

Residual

MY

Exports

MY

Imports

Productio

n

YieldCountry Mktg Year

Former Soviet Union - 12

Kazakhstan

13.9 6.82.08.10.01.113.0 2013/14 2.0

13.0 6.82.05.50.61.111.9 2014/15 3.2

13.7 6.92.17.60.11.211.6 2015/16 2.6

15.0 6.92.17.00.11.212.4 2016/17 3.7

Russia

52.1 34.112.518.60.92.223.4 2013/14 5.2

59.1 35.513.022.80.32.523.6 2014/15 6.3

61.0 37.014.025.50.82.425.6 2015/16 5.6

72.5 39.016.028.00.52.727.0 2016/17 11.6

Ukraine

22.3 11.53.49.80.13.46.6 2013/14 3.7

24.8 11.54.011.30.03.96.3 2014/15 5.7

27.3 12.25.117.40.03.87.1 2015/16 3.3

26.8 10.84.017.30.04.26.5 2016/17 2.1

Uzbekistan

6.8 8.41.90.32.24.91.4 2013/14 1.9

7.2 8.92.20.22.25.11.4 2014/15 2.2

7.2 9.42.30.22.75.11.4 2015/16 2.5

7.2 9.72.40.22.75.11.4 2016/17 2.5

Other Former Soviet Union - 12

8.7 12.02.90.54.32.63.4 2013/14 3.0

8.4 12.33.30.44.52.53.3 2014/15 3.2

8.7 12.33.30.73.82.73.2 2015/16 2.7

8.7 12.33.00.94.22.63.3 2016/17 2.5

Total Former Soviet Union - 12

103.8 72.822.737.37.52.247.7 2013/14 15.8

112.4 75.024.540.27.72.446.6 2014/15 20.6

118.0 77.826.751.57.42.448.9 2015/16 16.7

130.2 78.727.553.47.62.650.5 2016/17 22.4

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

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Millions of Tons/Hectares

Former Soviet Union: Grain Supply and Demand (Barley)

Area

Harvested

Ending

Stocks

Total

Consumpti

Feed and

Residual

MY

Exports

MY

Imports

Productio

n

YieldCountry Mktg Year

Former Soviet Union - 12

Kazakhstan

2.5 2.01.70.40.01.41.8 2013/14 0.3

2.4 2.01.70.50.01.31.9 2014/15 0.2

2.7 2.01.70.80.01.32.0 2015/16 0.1

3.2 2.21.91.00.01.71.9 2016/17 0.2

Russia

15.4 12.78.32.70.21.98.0 2013/14 0.9

20.0 14.19.25.30.02.38.8 2014/15 1.5

17.1 13.68.94.20.12.18.0 2015/16 0.8

17.5 13.79.03.40.12.28.0 2016/17 1.3

Ukraine

7.6 5.03.52.50.02.33.2 2013/14 1.0

9.5 4.73.24.50.03.03.2 2014/15 1.3

8.8 4.73.24.40.02.93.0 2015/16 0.9

9.9 4.73.25.20.03.23.1 2016/17 0.9

Uzbekistan

0.2 0.30.20.00.03.20.1 2013/14 0.0

0.2 0.30.20.00.13.20.1 2014/15 0.0

0.2 0.30.20.00.03.20.1 2015/16 0.0

0.2 0.30.30.00.13.20.1 2016/17 0.0

Other Former Soviet Union - 12

3.4 3.52.70.00.12.51.3 2013/14 0.4

3.5 3.62.80.10.22.61.3 2014/15 0.4

3.9 3.62.80.10.02.91.3 2015/16 0.6

3.8 3.93.00.10.12.71.4 2016/17 0.5

Total Former Soviet Union - 12

29.1 23.516.45.60.32.014.5 2013/14 2.6

35.6 24.717.110.30.32.315.3 2014/15 3.5

32.6 24.216.89.60.12.314.5 2015/16 2.5

34.7 24.817.49.70.22.414.4 2016/17 2.9

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 43: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

Millions of Tons/Hectares

Former Soviet Union: Grain Supply and Demand (Corn)

Area

Harvested

Ending

Stocks

Total

Consumpti

Feed and

Residual

MY

Exports

MY

Imports

Productio

n

YieldCountry Mktg Year

Former Soviet Union - 12

Kazakhstan

0.6 0.60.50.00.05.30.1 2013/14 0.0

0.7 0.60.50.00.05.30.1 2014/15 0.1

0.7 0.70.60.00.05.30.1 2015/16 0.2

0.8 0.70.60.10.05.60.1 2016/17 0.2

Russia

11.6 7.56.64.20.15.02.3 2013/14 0.3

11.3 8.17.23.20.04.42.6 2014/15 0.3

13.2 8.77.84.70.04.92.7 2015/16 0.2

15.3 9.68.75.30.15.52.8 2016/17 0.6

Ukraine

30.9 9.78.320.00.16.44.8 2013/14 2.4

28.5 9.48.019.70.06.24.6 2014/15 1.8

23.3 8.06.716.60.05.74.1 2015/16 0.6

28.0 8.47.018.70.16.64.3 2016/17 1.5

Uzbekistan

0.1 0.10.10.00.03.40.0 2013/14 0.0

0.1 0.20.10.00.03.40.0 2014/15 0.0

0.1 0.20.10.00.03.40.0 2015/16 0.0

0.1 0.10.10.00.03.40.0 2016/17 0.0

Other Former Soviet Union - 12

3.8 3.43.00.60.33.91.0 2013/14 0.7

3.4 3.43.10.30.43.70.9 2014/15 0.8

2.5 2.92.60.10.32.90.9 2015/16 0.5

3.2 3.12.80.30.33.70.9 2016/17 0.6

Total Former Soviet Union - 12

47.0 21.318.524.80.45.78.3 2013/14 3.4

44.0 21.618.923.20.55.38.3 2014/15 3.0

39.9 20.417.821.40.45.17.8 2015/16 1.4

47.4 22.019.224.40.45.98.1 2016/17 2.9

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

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Million Metric Tons/Hectares

Wheat Supply and Disappearance: Selected Exporters

Area

Harvested

Ending

Stocks

Total

Consumpti

Feed and

Residual

MY

Exports

MY

Imports

Productio

n

YieldCountry Mktg Year

Wheat Competitors

Argentina

9.3 6.20.33.60.02.63.6 2012/13 0.3

10.5 6.10.12.30.03.03.5 2013/14 2.5

13.9 6.40.35.30.02.85.0 2014/15 4.8

11.3 5.90.29.60.02.93.9 2015/16 0.6

16.0 6.20.110.10.03.34.9 2016/17 0.3

Australia

22.9 6.73.418.60.11.813.0 2012/13 4.7

25.3 7.03.618.60.22.012.6 2013/14 4.6

23.7 7.23.816.60.21.912.4 2014/15 4.7

24.2 7.23.816.10.21.912.8 2015/16 5.6

35.0 8.04.525.00.22.712.9 2016/17 7.8

Canada

27.2 9.64.319.00.52.99.5 2012/13 5.1

37.5 9.44.223.30.43.610.4 2013/14 10.4

29.4 9.13.724.20.53.19.5 2014/15 7.1

27.6 7.92.722.10.52.99.6 2015/16 5.2

31.7 10.25.020.00.53.68.9 2016/17 7.2

European Union

133.9 119.351.022.85.35.226.0 2012/13 10.7

144.6 117.349.032.04.05.625.9 2013/14 9.9

156.9 124.755.035.56.05.926.7 2014/15 12.7

160.0 129.959.034.76.96.026.8 2015/16 15.1

144.7 129.057.026.55.55.327.1 2016/17 9.7

Kazakhstan

9.8 6.82.06.30.00.812.4 2012/13 2.9

13.9 6.82.08.10.01.113.0 2013/14 2.0

13.0 6.82.05.50.61.111.9 2014/15 3.2

13.7 6.92.17.60.11.211.6 2015/16 2.6

15.0 6.92.17.00.11.212.4 2016/17 3.7

Russia

37.7 33.611.911.31.21.821.3 2012/13 4.9

52.1 34.112.518.60.92.223.4 2013/14 5.2

59.1 35.513.022.80.32.523.6 2014/15 6.3

61.0 37.014.025.50.82.425.6 2015/16 5.6

72.5 39.016.028.00.52.727.0 2016/17 11.6

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 45: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

Million Metric Tons/Hectares

Wheat Supply and Disappearance: Selected Exporters (Continued)

Area

Harvested

Ending

Stocks

Total

Consumpti

Feed and

Residual

MY

Exports

MY

Imports

Productio

n

YieldCountry Mktg Year

Ukraine

15.8 11.43.17.20.02.85.6 2012/13 2.6

22.3 11.53.49.80.13.46.6 2013/14 3.7

24.8 11.54.011.30.03.96.3 2014/15 5.7

27.3 12.25.117.40.03.87.1 2015/16 3.3

26.8 10.84.017.30.04.26.5 2016/17 2.1

Total Wheat Competitors

256.6 193.576.088.77.12.891.4 2012/13 31.2

306.2 192.174.8112.65.53.295.4 2013/14 38.2

320.8 201.181.8121.17.63.495.4 2014/15 44.5

325.1 206.986.9133.18.53.397.4 2015/16 38.0

341.7 210.188.7133.96.83.499.6 2016/17 42.5

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 46: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

Million Metric Tons/Hectares

Corn Supply and Disappearance: Selected Exporters

Area

Harvested

Ending

Stocks

Total

Consumpti

Feed and

Residual

MY

Exports

MY

Imports

Productio

n

YieldCountry Mktg Year

Argentina

15.5 6.44.510.30.06.22.5 2008/09 0.9

25.0 6.95.016.50.08.33.0 2009/10 2.5

25.2 7.35.316.30.06.73.8 2010/11 4.0

21.0 7.04.817.10.05.83.6 2011/12 0.9

27.0 7.95.318.70.06.84.0 2012/13 1.3

26.0 8.85.817.10.07.63.4 2013/14 1.4

29.8 9.36.019.00.08.53.5 2014/15 2.9

29.0 9.25.921.70.08.33.5 2015/16 1.1

38.5 10.77.026.00.08.44.6 2016/17 2.9

Brazil

51.0 45.538.57.11.13.614.1 2008/09 10.1

56.1 48.541.511.60.44.312.9 2009/10 6.5

57.4 50.043.08.40.84.213.8 2010/11 6.3

73.0 51.544.024.30.84.815.2 2011/12 4.2

81.5 52.544.524.90.95.215.8 2012/13 9.2

80.0 55.046.021.00.85.115.8 2013/14 14.0

85.0 57.048.034.50.35.415.8 2014/15 7.8

67.0 57.549.014.03.44.216.0 2015/16 6.8

93.5 60.051.032.00.35.417.3 2016/17 8.6

China

165.9 153.0108.00.20.05.629.9 2008/09 51.2

164.0 165.0118.00.21.35.331.2 2009/10 51.3

177.2 180.0128.00.11.05.532.5 2010/11 49.4

192.8 188.0131.00.15.25.733.5 2011/12 59.3

205.6 200.0144.00.12.75.935.0 2012/13 67.6

218.5 208.0150.00.03.36.036.3 2013/14 81.3

215.6 202.0140.00.05.55.837.1 2014/15 100.5

224.6 217.5153.50.03.25.938.1 2015/16 110.8

219.6 231.0161.00.03.06.036.8 2016/17 102.3

South Africa

12.6 10.34.71.70.04.32.9 2008/09 2.0

13.4 10.64.92.10.04.13.3 2009/10 2.8

10.9 10.75.02.40.43.82.9 2010/11 1.0

12.8 10.75.01.80.04.13.1 2011/12 1.3

12.4 11.05.12.10.13.83.2 2012/13 0.7

14.9 11.55.52.00.14.93.1 2013/14 2.2

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

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Million Metric Tons/Hectares

Corn Supply and Disappearance: Selected Exporters (Continued)

Area

Harvested

Ending

Stocks

Total

Consumpti

Feed and

Residual

MY

Exports

MY

Imports

Productio

n

YieldCountry Mktg Year

10.6 11.76.20.72.03.53.0 2014/15 2.4

8.2 11.25.70.82.33.72.2 2015/16 1.0

15.0 11.75.82.00.14.83.1 2016/17 2.4

Total Corn Competitors

245.0 215.2155.719.31.25.049.4 2008/09 64.2

258.5 231.0169.430.31.75.150.4 2009/10 63.1

270.8 248.0181.327.32.25.152.9 2010/11 60.8

299.5 257.2184.843.46.05.455.5 2011/12 65.7

326.5 271.4198.945.83.75.658.1 2012/13 78.7

339.4 283.3207.340.04.15.858.6 2013/14 98.9

341.0 280.0200.254.17.85.759.4 2014/15 113.7

328.8 295.4214.136.58.95.559.8 2015/16 119.6

366.6 313.4224.860.03.45.961.8 2016/17 116.1

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 48: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

Million Metric Tons/Hectares

Barley Supply and Disappearance: Selected Exporters

Area

Harvested

Ending

Stocks

Total

Consumpti

Feed and

Residual

MY

Exports

MY

Imports

Productio

n

YieldCountry Mktg Year

Australia

8.0 4.02.93.20.01.65.0 2008/09 2.4

7.9 4.53.33.90.01.84.4 2009/10 1.9

8.0 4.23.04.70.02.23.7 2010/11 1.0

8.2 3.32.15.40.02.23.7 2011/12 0.5

7.5 3.01.84.50.02.13.6 2012/13 0.5

9.2 2.81.56.20.02.43.8 2013/14 0.7

8.6 3.01.75.20.02.14.1 2014/15 1.1

8.6 3.32.05.70.02.14.1 2015/16 0.7

13.0 3.72.38.10.03.34.0 2016/17 1.9

Canada

11.8 8.97.61.50.03.43.5 2008/09 3.0

9.5 8.77.51.30.03.32.9 2009/10 2.5

7.6 7.56.31.20.03.22.4 2010/11 1.5

7.9 6.95.71.30.03.32.4 2011/12 1.2

8.0 6.85.71.40.02.92.8 2012/13 1.0

10.2 7.76.51.60.03.92.7 2013/14 2.0

7.1 6.55.31.50.13.32.1 2014/15 1.2

8.2 7.05.81.20.23.52.4 2015/16 1.4

8.8 7.26.01.70.14.02.2 2016/17 1.5

European Union

65.8 57.341.73.60.34.514.6 2008/09 11.0

62.4 56.841.71.10.14.514.0 2009/10 15.6

53.7 56.641.34.90.24.312.5 2010/11 7.9

51.9 51.235.83.00.54.311.9 2011/12 6.1

54.9 51.035.55.00.14.412.5 2012/13 5.0

59.7 53.438.05.70.04.812.4 2013/14 5.6

60.6 50.935.59.50.14.912.4 2014/15 5.9

61.5 51.736.310.80.35.012.2 2015/16 5.2

60.0 54.639.25.40.44.812.5 2016/17 5.6

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

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Million Metric Tons/Hectares

Sorghum Supply and Disappearance: Selected Exporters

Area

Harvested

Ending

Stocks

Total

Consumpti

Feed and

Residual

MY

Exports

MY

Imports

Productio

n

YieldCountry Mktg Year

Argentina

1.7 1.11.01.10.03.70.5 2008/09 0.2

3.6 1.91.71.80.04.80.8 2009/10 0.2

4.4 1.91.71.70.04.41.0 2010/11 0.9

4.2 1.91.73.10.04.21.0 2011/12 0.2

4.7 2.32.01.80.04.51.1 2012/13 0.8

4.4 2.72.31.30.04.41.0 2013/14 1.2

3.5 2.82.40.90.04.50.8 2014/15 1.0

3.4 2.92.50.60.04.50.8 2015/16 0.9

3.6 3.02.60.90.04.50.8 2016/17 0.6

Australia

2.7 1.81.81.00.03.50.8 2008/09 0.7

1.5 1.21.20.30.03.00.5 2009/10 0.7

1.9 1.41.40.90.03.10.6 2010/11 0.4

2.2 1.11.11.30.03.40.7 2011/12 0.2

2.2 1.11.11.20.03.40.6 2012/13 0.2

1.3 0.90.90.40.02.40.5 2013/14 0.2

2.2 0.50.51.60.03.00.7 2014/15 0.3

2.0 1.11.11.00.03.00.7 2015/16 0.2

1.2 0.80.80.40.02.70.4 2016/17 0.2

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

Page 50: Barley Prices Under Pressure - Cornell University...Apr 11, 2017  · 6 TRADE CHANGES IN 2016/17 Selected Exporters Australia is cut 1.0 million tons to 23.0 million based on trade

U.S. Grains Supply and Distribution: Wheat, Corn, Sorghum, Barley, Oats, Rye, and Rice

Thousand Metric Tons/Hectares

Area

Harvested

Yield Rough

Production

Production Imports TY Imports Exports TY Exports Feed Dom.

Consumption

Domestic

Consumption

Ending

Stocks

Wheat

20,47731,3343,09222,99923,5183,9644,11755,147nr318,771 2014/15

26,55232,0214,14121,85621,0943,0563,07356,117nr319,149 2015/16

31,55032,9595,17127,80027,8963,0002,99462,859nr417,762 2016/17

Corn

43,974301,792134,10846,83147,421809804361,091nr1133,644 2014/15

44,123298,869130,05151,19848,2021,7791,714345,506nr1132,680 2015/16

58,933314,847139,70656,50056,5181,4001,397384,778nr1135,106 2016/17

Sorghum

4682,4592,0789,2698,935271010,988nr42,590 2014/15

9306,2132,7317,8958,6009811715,158nr53,177 2015/16

1,2176,2223,3025,8005,715252512,199nr52,494 2016/17

Barley

1,7114,2359362913114305133,953nr41,011 2014/15

2,2234,4061,0851612353504034,750nr41,278 2015/16

2,1424,6381,3061501093503274,339nr41,035 2016/17

Oats

7802,4471,33029271,7671,8761,019nr2419 2014/15

8242,7021,58235291,5381,4751,300nr3516 2015/16

6612,6961,56530441,5801,637940nr2397 2016/17

Rye

1540616436262237183nr2104 2014/15

1251527065217222295nr2148 2015/16

2455430656200230342nr2168 2016/17

Rice, Milled

1,5524,301nr3,3553,0617587837,10610,07981,187 2014/15

1,4753,555nr3,5413,4217687666,1338,76181,046 2015/16

1,5594,191nr3,5503,5887507467,11710,16781,253 2016/17

Notes: Wheat Trade Year (TY) statistics are on July/June years. Barley, corn, sorghum, rye and oats Trade Year (TY)

statistics are on Oct/Sept years. Rice Trade Year (TY) statistics are for the subsequent calendar year; 'Imports' and

'Exports' columns contain data on the local marketing year: wheat, barley, oats and rye are June/May; corn and

sorghum are Sept/Aug; rice is Aug/July.

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

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Total Wheat and Coarse Grains: Supply and Demand

Millions of Metric Tons/Hectares

Area

Harvested

Yield Productio

n

TY

Exports

Feed

Dom.

Domestic

Consumpti

Ending

Stocks

Wheat and Coarse Grains

1,285.9 422.81,329.8656.6202.22.4544.3 1987/88

1,218.2 339.11,301.9619.5203.32.2541.9 1988/89

1,327.4 320.31,346.2644.5208.92.4548.2 1989/90

1,417.6 368.31,369.6669.8190.12.6545.7 1990/91

1,355.6 357.91,366.0653.5207.52.5543.3 1991/92

1,431.8 398.61,388.3664.2205.22.6545.9 1992/93

1,356.5 366.01,389.1657.2188.22.5536.0 1993/94

1,393.1 363.21,395.8670.6200.12.6534.2 1994/95

1,338.9 320.31,381.8641.8187.52.5527.3 1995/96

1,490.2 368.71,441.8674.7198.32.7545.8 1996/97

1,490.8 416.11,443.4685.8190.42.8535.2 1997/98

1,481.3 449.01,448.4685.4198.72.8520.2 1998/99

1,465.6 444.11,469.9690.4214.02.9506.1 1999/00

1,446.3 418.21,472.3700.4204.92.8509.2 2000/01

1,480.2 402.71,495.7713.7208.32.9511.5 2001/02

1,445.0 341.31,506.4711.6209.22.9504.2 2002/03

1,473.5 278.91,535.9718.1205.82.9511.2 2003/04

1,643.2 335.61,586.6756.3214.43.2514.8 2004/05

1,600.1 318.41,617.3758.0222.53.1517.5 2005/06

1,584.7 272.71,630.3749.5229.93.1519.1 2006/07

1,691.8 289.21,675.3764.0244.73.2534.4 2007/08

1,792.1 359.51,721.8773.6253.53.3539.4 2008/09

1,804.1 396.01,767.7782.1254.13.4533.5 2009/10

1,747.5 359.91,783.6773.3249.83.3523.4 2010/11

1,853.6 360.41,853.2807.6287.03.4537.7 2011/12

1,795.1 341.81,813.7807.0279.73.4532.5 2012/13

1,994.6 406.01,930.4860.1327.83.7540.5 2013/14

2,036.0 464.51,977.5883.4335.83.7547.0 2014/15

1,986.3 489.01,961.8900.9357.13.6546.4 2015/16

2,097.4 510.32,076.2943.6361.93.9544.6 2016/17

Notes: Wheat and coarse grains trade data are on July/June years through 1975/76. From 1976/77 to

the present, coarse grains data are on an Oct/Sept trade year.

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

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World Wheat and Coarse Grains: Supply and Demand

Millions of Metric Tons/Hectares

Area

Harvested

Yield Productio

n

TY

Exports

Feed

Dom.

Domestic

Consumpti

Ending

Stocks

Wheat

523.1 164.7541.7103.0101.52.5213.4 1994/95

537.5 156.6545.696.999.22.5216.7 1995/96

581.3 165.3572.6101.4104.02.6227.1 1996/97

610.2 199.0576.5106.2104.52.7226.4 1997/98

590.5 210.5579.0109.4102.02.7219.2 1998/99

587.5 210.3587.6104.6111.92.8212.7 1999/00

582.8 206.0587.1111.2102.12.7215.4 2000/01

583.9 203.3586.6112.0107.92.7214.3 2001/02

569.7 169.0603.9116.1106.52.7213.4 2002/03

555.7 135.8588.9101.7103.52.7208.0 2003/04

626.8 156.2606.3110.7113.22.9215.8 2004/05

618.8 153.3621.8117.7114.12.8217.5 2005/06

596.7 133.5616.5113.1115.32.8212.3 2006/07

611.9 128.1617.3104.6116.02.8216.9 2007/08

684.0 169.1643.0124.0143.23.1224.1 2008/09

687.2 203.3653.1122.3135.33.0225.6 2009/10

649.5 198.9653.8116.8134.03.0216.8 2010/11

697.3 198.5697.8148.7153.73.2221.0 2011/12

658.6 177.8679.3138.2147.33.1215.9 2012/13

715.0 194.9697.9126.6162.53.3219.6 2013/14

728.1 217.6705.4131.6161.83.3221.6 2014/15

735.2 241.7711.1136.6172.23.3224.9 2015/16

751.4 252.3740.8146.5179.63.4221.7 2016/17

Coarse Grains

869.9 198.5854.1567.798.62.7320.8 1994/95

801.4 163.7836.2544.988.32.6310.5 1995/96

908.9 203.5869.1573.394.32.9318.7 1996/97

880.6 217.2866.9579.685.82.9308.8 1997/98

890.8 238.5869.4575.996.73.0301.0 1998/99

878.1 233.8882.3585.7102.13.0293.4 1999/00

863.5 212.2885.2589.2102.82.9293.8 2000/01

896.4 199.4909.1601.7100.43.0297.3 2001/02

875.3 172.3902.4595.5102.73.0290.8 2002/03

917.8 143.1947.0616.4102.33.0303.3 2003/04

1,016.5 179.3980.2645.6101.23.4299.1 2004/05

981.3 165.1995.5640.4108.43.3300.0 2005/06

988.0 139.31,013.8636.4114.53.2306.8 2006/07

1,079.9 161.11,058.1659.5128.73.4317.5 2007/08

1,108.1 190.41,078.8649.6110.43.5315.3 2008/09

1,116.9 192.71,114.6659.9118.83.6307.9 2009/10

1,098.1 161.01,129.8656.5115.83.6306.6 2010/11

1,156.3 161.91,155.4658.9133.33.7316.8 2011/12

1,136.5 164.01,134.4668.8132.43.6316.6 2012/13

1,279.6 211.11,232.4733.5165.24.0320.8 2013/14

1,308.0 246.91,272.1751.8173.94.0325.4 2014/15

1,251.1 247.31,250.7764.3184.93.9321.5 2015/16

1,346.1 258.01,335.4797.1182.34.2322.9 2016/17

Notes: Wheat and coarse grains trade data are on July/June years through 1975/76. From 1976/77 to

the present, coarse grains data are on an Oct/Sept trade year.

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

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World Corn and Barley: Supply and Demand

Millions of Metric Tons/Hectares

Area

Harvested

Yield Productio

n

TY

Exports

Feed

Dom.

Domestic

Consumpti

Ending

Stocks

Corn

559.6 153.3535.7371.671.94.1135.2 1994/95

516.7 133.3536.8365.364.83.8135.1 1995/96

592.9 166.3559.9387.866.64.2141.5 1996/97

574.1 167.2573.3400.663.14.2136.3 1997/98

605.8 191.4581.6404.368.74.4139.0 1998/99

608.1 194.4605.1422.472.04.4138.8 1999/00

591.7 175.2610.8427.375.94.3137.1 2000/01

601.8 151.5625.5436.472.74.4137.1 2001/02

603.9 126.9628.5433.476.84.4137.7 2002/03

627.7 104.6649.9445.879.04.4141.6 2003/04

717.1 131.1690.7476.076.04.9145.4 2004/05

701.0 123.6708.5479.582.54.8145.4 2005/06

716.5 108.9731.2480.291.34.8150.5 2006/07

795.5 127.9776.6501.398.25.0160.3 2007/08

800.1 143.5784.4481.983.65.0158.7 2008/09

825.2 140.9827.8492.792.75.2158.4 2009/10

835.8 123.4853.2503.591.75.1164.6 2010/11

889.7 128.1885.1508.5103.75.2172.1 2011/12

869.8 133.2864.7518.5100.74.9177.6 2012/13

990.5 174.8948.9570.7130.85.5180.3 2013/14

1,016.0 209.8981.0584.7128.45.6179.8 2014/15

963.3 211.8961.3599.4144.95.4178.0 2015/16

1,053.8 223.01,042.6630.7145.05.8182.3 2016/17

Barley

160.7 30.0165.6120.915.32.272.2 1994/95

141.2 20.5150.7107.813.42.166.4 1995/96

153.2 24.1149.5106.317.92.464.3 1996/97

153.9 32.2145.8104.112.82.463.8 1997/98

136.0 29.0139.399.517.82.456.7 1998/99

127.4 23.9132.594.017.82.452.1 1999/00

133.0 22.6134.394.616.32.553.1 2000/01

143.5 29.2136.995.517.22.655.7 2001/02

134.3 27.6135.994.716.32.554.7 2002/03

142.9 23.5147.0103.314.82.458.4 2003/04

152.4 33.1142.7100.217.02.757.4 2004/05

136.2 28.3141.197.417.42.555.2 2005/06

136.8 21.4143.698.414.62.456.3 2006/07

132.7 20.5133.691.018.52.455.7 2007/08

155.0 31.6143.9100.418.22.855.0 2008/09

150.9 37.2145.3101.517.32.854.2 2009/10

123.0 24.1136.191.315.22.647.1 2010/11

133.5 22.6135.091.721.42.749.2 2011/12

129.1 20.4131.388.822.22.650.2 2012/13

144.3 23.9140.997.323.82.850.7 2013/14

141.8 24.1141.697.430.12.949.6 2014/15

148.1 24.4147.8100.127.53.049.7 2015/16

147.0 24.2147.1102.027.23.048.4 2016/17

Notes: Coarse grains trade data are on July/June years through 1975/76. From 1976/77 to the present,

coarse grains data are on an Oct/Sept trade year.

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

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World Rice: Supply and Demand

Millions of Metric Tons/Hectares

Area

Harvested

Yield Rough

Productio

Productio

n

TY

Exports

Domestic

Consumpti

Ending

Stocks

Rice, Milled

464.8 105.3313.211.4315.13.3141.4 1987/88

490.8 111.6325.714.0332.13.3146.6 1988/89

510.3 120.6336.311.7345.33.5147.8 1989/90

519.4 126.6345.312.3351.43.5147.0 1990/91

522.9 126.7353.214.4353.33.5147.6 1991/92

524.0 123.1357.414.9353.93.6146.4 1992/93

526.1 118.9358.916.6354.73.6145.3 1993/94

539.9 117.6365.520.8364.13.7147.3 1994/95

547.3 118.1368.319.7368.83.7148.4 1995/96

563.8 120.3378.218.9380.43.8150.2 1996/97

575.3 127.7380.027.6387.43.8151.7 1997/98

587.0 134.0388.624.8394.93.8153.3 1998/99

608.8 143.1400.222.8409.33.9155.9 1999/00

594.1 146.7395.624.3399.23.9152.8 2000/01

594.3 132.9413.227.9399.53.9151.6 2001/02

563.0 103.0408.127.6378.23.8147.7 2002/03

585.4 81.7413.827.3392.53.9149.5 2003/04

596.4 74.0408.528.9400.83.9151.4 2004/05

622.3 76.5415.429.0417.94.0154.2 2005/06

625.0 75.4421.231.8420.14.1154.3 2006/07

643.6 80.9428.129.5433.64.2155.0 2007/08

669.5 92.9437.929.4449.94.2158.5 2008/09

656.2 95.1438.531.8440.74.2155.8 2009/10

672.1 100.1445.436.5450.44.2158.2 2010/11

697.2 106.8460.940.0467.64.3160.4 2011/12

704.6 113.9465.439.5472.54.4158.8 2012/13

713.3 113.9478.344.1478.34.4161.6 2013/14

713.5 114.9477.542.6478.64.4160.9 2014/15

704.0 116.1471.040.4472.24.4159.2 2015/16

717.5 118.1479.241.0481.14.4161.5 2016/17

Notes: Stocks, exports and consumption are expressed on a milled basis in marketing years.

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

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55

ENDNOTES TO GRAIN: WORLD MARKETS AND TRADE

REGIONAL TABLES

North America: Canada, Mexico, the United States.

Central America: Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama.

Caribbean: Anguilla, Antigua and Barbuda, Aruba, Bahamas, Barbados, Bermuda, British

Virgin Islands, Cayman Islands, Cuba, Dominica, Dominican Republic, French West Indies,

Grenada, Guadeloupe, Haiti, Jamaica and Dep, Leeward-Windward Islands, Martinique,

Montserrat, Netherlands Antilles, Puerto Rico, Kitts and Nevis, St. Lucia, St. Vincent and the

Grenadines, Trinidad and Tobago, Turks and Caicos Islands, Virgin Islands of the U.S.

South America: Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Falkland Islands (Islas

Malvinas), French Guiana, Guyana, Paraguay, Peru, Suriname, Uruguay, Venezuela.

EU: Austria, Belgium/Luxembourg, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark,

Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Malta,

Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom.

Other Europe: Albania, Azores, Bosnia and Herzegovina, Former Yugoslavia, Gibraltar,

Iceland, Macedonia, Montenegro, Norway, Serbia, Switzerland.

Former Soviet Union: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan,

Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, Uzbekistan.

Middle East: Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia,

Syria, Turkey, United Arab Emirates, Yemen.

North Africa: Algeria, Egypt, Libya, Morocco, Tunisia.

Sub-Saharan Africa: all African countries except North Africa.

East Asia: China, Hong Kong, Japan, South Korea, North Korea, Macau, Mongolia,

Taiwan.

South Asia: Afghanistan, Bangladesh, Bhutan, India, Nepal, Pakistan, Sri Lanka, Maldives.

Southeast Asia: Brunei, Burma, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore,

Thailand, Vietnam.

Oceania: Australia, Fiji, New Zealand, Papua New Guinea.

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56

OTHER NOTES

Local Marketing Years (LMY): LMY refers to the 12-month period at the onset of the main

harvest, when the crop is marketed (i.e., consumed, traded, or stored). The year first listed

begins a country's LMY for that commodity (2015/16 starts in 2015); except for summer grains

in certain Southern Hemisphere countries and for rice in selected countries, where the second

year begins the LMY (2015/16 starts in 2016). Key exporter LMY’s are:

Wheat Corn Barley Sorghum

Argentina (Dec/Nov) Argentina (Mar/Feb) Australia (Nov/Oct) Argentina (Mar/Feb)

Australia (Oct/Sep) Brazil (Mar/Feb) Canada (Aug/Jul) Australia (Mar/Feb)

Canada (Aug/Jul) China (Oct/Sep) European Union (Jul/Jun) United States (Sep/Aug)

China (Jul/Jun) South Africa (May/Apr) Russia (Jul/Jun)

European Union (Jul/Jun) United States (Sep/Aug) Ukraine (Jul/Jun)

India (Apr/Mar) United States (Jun/May)

Kazakhstan (Jul/Jun)

Russia(Jul/Jun)

Turkey (Jun/May)

Ukraine (Jul/Jun)

United States (Jun/May)

For a complete list of local marketing years, please see the FAS website

(https://apps.fas.usda.gov/psdonline/app/index.html#/app/downloads).

Stocks: Unless otherwise stated, stock data are based on an aggregate of differing local

marketing years and should not be construed as representing world stock levels at a fixed point in

time.

Consumption: World totals for consumption reflect total utilization, including food, seed,

industrial, feed, and waste; as well as differences in local marketing year imports and local

marketing year exports. Consumption statistics for regions and individual countries, however,

reflect food, seed, industrial, feed, and waste only.

Trade: All PSD tables are balanced on the different local marketing years. All trade tables

contain Trade Year (TY) data which puts all countries on a uniform, 12-month period for

analytical comparisons: wheat is July/June; coarse grains, corn, barley, sorghum, oats, and rye

are Oct/Sept; and rice is calendar year.

EU Consolidation: The trade figures starting from 1999/00 represent the European Union

(Croatia plus the former EU-27) and exclude all intra-trade. For the years 1960/61 through

1998/99, figures are the EU-15 and also exclude all intra-trade. EU-15 member states' data for

grains are no longer maintained in the official USDA database. Data for the individual NMS-10,

plus Bulgaria, Romania, and Croatia, exists only prior to 1999/00.

Statistics: (1) Wheat trade statistics include wheat, flour, and selected pasta products on a grain

equivalent basis. (2) Rice trade statistics include rough, brown, milled, and broken on a milled

equivalent basis. (3) Coarse grains statistics include corn, barley, sorghum, oats, rye, millet, and

mixed grains but exclude trade in barley malt, millet, and mixed grains.

Foreign Agricultural Service/USDA April 2017Office of Global Analysis

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57

Unaccounted: This term includes grain in transit, reporting discrepancies in some countries,

and trade to countries outside the USDA database.

The Global Commodity Analysis Division, Office of Global Analysis, Foreign Agricultural

Service, USDA, Washington, DC 20250, prepared this circular. Information is gathered from

official statistics of foreign governments and other foreign source materials, reports of U.S.

agricultural attachés and Foreign Service officers, office research, and related information.

Further information may be obtained by writing the Division or telephoning (202) 720-3448.

Note: The previous report in this series was Grain: World Markets and Trade March 2017. For

further details on world grain production, please see World Agricultural Production April 2017.

This circular is available in its entirety on the Internet via the Foreign Agricultural Service Home

Page. The address is: http://www.fas.usda.gov

Questions may be directed to the following staff:

Andrew Sowell (202) 720-0262 [email protected] Wheat

Shelbi Knisley (202) 690-2361 [email protected] Wheat

Rachel Trego (202) 720-1073 [email protected] Rice

Rhiannon Elms (202) 649-3872 [email protected] Rice

Yoonhee Macke (202) 690-4199 [email protected] Coarse Grains

Graham Soley (202) 772-4235 [email protected] Coarse Grains

Foreign Agricultural Service/USDA April 2017Office of Global Analysis