According to the latest FAO Crop Prospects and Food Situation report, the outlook for global production of cereals - a staple food in many countries - improved further with upward revisions to coarse grains and wheat supply forecasts for 2014/15.
FAO's latest forecast for world cereal production in 2014 now stands at 2 498 million tonnes (including rice in milled terms), 18 million tonnes up from the previous figure in June, although still 1 percent (23 million tonnes) below last year's record output. The recent upward revision reflects improved production prospects for coarse grains and wheat crops, particularly in the United States, the EU and India.
Thursday July 3, 2014/ FAO.
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