`Of the International Grains Council (IGC) according to the report, world corn production 814 million tons, while consumption is expected to reach 840 million tons.
According to information received from the report prepared for the production and consumption, world corn production in the period of July 2010/Haziran 2011, over 3 million tons the previous year level of 814 million tons is expected to take place.
World corn production forecast, according to a previous report shows reduced 10 million tons. The Council last month by the fall, tying the United States and China in the worsening of the production expectations.
They are in production, while world consumption last year, 27 million tons of corn (about 3 per cent), will rise above a previous estimate of 3 million tons, 840 million tons, which is expected to reach record levels.
The Council, despite the increase in prices of corn in the last competitive state for use as animal feed and fodder has protected 20 million tons of demand by increasing the level of 490 million tonnes are foreseen says.
EGYPT TRADE INCREASED BY 9 `LUK
Occurred at the level of 86 million tons last year, an estimated 9 percent of world corn trade increased by 94 million tons of `hood levels should reach. Council, and strong global demand for food should be an upgrade to the world corn trade is worth noting.
Decline in consumption will lead to significant increase in the reported year-end stocks. Last season, 152 million tonnes of maize stocks in the world final at the end of the period 2010/2011, is expected to fall to 125 million tons.
The Council `s turnover of U.S. corn stocks at the lowest level foreseen explains.
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