Maize consumption in industrial sectors has been a major talking point during the coronavirus pandemic. This was particularly true for consumption for the purpose of bioethanol production. Production of fuel ethanol fell from 91% of capacity as stated in 2019, in the week ending 20 March, to 49% at the height of the pandemic in the week ending 24 April.
Translating that drop into maize usage, USDA data shows that total maize used for ethanol production fell from 34Mt in quarter two of 2019/20 (Jan-Mar 2020) to 24Mt in quarter three. Present USDA forecasts suggest that a total 125.7Mt of maize will be used for ethanol production in the US during the 2019/20 season, which would mean a return to average level in quarter four. However, with US fuel ethanol production running at 83% of capacity during June-Aug, this seems unlikely and further cuts to human and industrial maize usage in the US seem plausible.
Away from the US it will be no surprise that consumption of maize for human and industrial purposes is forecast by the USDA to have declined in 2019/20, down 9.9Mt, at 413.4Mt. Usage in the food, seed and industrial sector is seen rising to record levels in 2020/21, and as such the likelihood of a second wave of coronavirus will need watching closely.
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October 02, 2020 at 09:31PM
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Global wheat and maize consumption overview: Grain market daily - ahdb.org.uk
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