X
XLinkedinWhatsAppTelegramTelegram
0
Read this article in:

FAO raises its global wheat and maize output forecasts

FAO raised its world cereal production forecast for 2016 to 2 543 million tonnes, just 0.7 percent below the record high of 2014.

6 June 2016
X
XLinkedinWhatsAppTelegramTelegram
0

FAO raised its world cereal production forecast for 2016 to 2 543 million tonnes, just 0.7 percent below the record high of 2014.

The new production figure in today's updated Cereal Supply and Demand Brief is 17 million tonnes higher than reported in May, reflecting upward revisions for wheat and maize in major producing countries.

World cereal utilization, meanwhile, is expected to be 2 546 million tonnes for the marketing year, a slight markdown from the May projection.

At the same time, the forecast for global cereal stocks was raised to 642 million tonnes - less than two million tonnes below their all-time high, driven by a historical revision to China's wheat inventory.

Global trade in cereals is predicted to decline by 1.9 percent from the previous year to 369 million tonnes. The contraction "is likely to intensify competition for market share among major exporters, a prospect that could keep international prices in check," FAO said.

Thursday June 2, 2016/ FAO.
http://www.fao.org

Article Comments

This area is not intended to be a place to consult authors about their articles, but rather a place for open discussion among pig333.com users.
Leave a new Comment

Access restricted to 333 users. In order to post a comment you must be logged in.

You are not subscribed to this list Swine News

Swine industry news in your email

Log in and sign up on the list