AMIS Market Monitor – February 2021 – No. 85

As COVID-19 maintains its strong grip on the world, food markets will need to remain at the center of attention. This is not only because of the many adverse effects on livelihoods at local levels, but also rising international prices of most food commodities. Prices received a further boost in recent weeks following unexpectedly large maize purchases by China, primarily from the US. The unprecedented level of China’s purchases so far in this season necessitated a thorough review of the FAO-AMIS balance sheet for China’s maize, starting from 2013/14. As a consequence, AMIS estimates for China’s feed use of maize and imports were raised significantly this month while stock estimates for China were lowered, resulting in much tighter global maize supplies in 2020/21 than previously anticipated.