UK industrial corn consumption at 5-year high.

Estimates of the UK 2017/18 total corn consumption have been revised upwards to 1.9 million mt, a five-year high, driven by a rise in human and industrial consumption. In November last year a forecast from the Department for Environment, Food & Rural Affairs showed total UK corn consumption of 1.84 million mt, which was already up 80,000 mt from the year before. Of the 1.9 million mt now estimated for 2017/2018, some 654,000 mt is projected for use in ‘human and industrial’ industry, up 84,000 mt from the November 2017 estimate. Market sources have attributed the revised estimate to a switch from wheat to corn as a feedstock for the UK’s bioethanol industry.