Page 9 of articles about cereal

Food markets are more stable and prices for most agricultural commodities are sharply lower than they have been in recent years.

The production of cereals in Latin America and the Caribbean in the 2014/15 season will keep high, exceeding 220 million tonnes, although it will be 1.4% lower than in the previous season.

FAO now sees world cereal stocks reaching 616 million tonnes by the close of the seasons in 2015 — 12 million tonnes higher than the previous forecast, and over 6 percent (37 million tonnes) over stock levels at the start of the 2014-2015 season.

FAO's monthly food price index registered another drop in August, continuing a 5-month downward run and reaching its lowest level since September 2010.

The European Commission has announced that the import duty on maize, sorghum and rye is to be set at 5.32 EUR/tonne.

Estimates for 2012 showed a further improvement in the profitability of cereal crops.

The recent fall in prices of major crops is expected to continue over the next two years before stabilising at levels above the pre-2008 period.

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.

Copa-Cogeca released new EU-28 cereals estimates for the 2014/15 marketing year, showing a good crop this year, up 2.3% on last years levels.

The incidents have led to trade disruptions between countries with shipments of grain, cereal and other crops being blocked by importing countries and destroyed or returned to the country of origin.

According to the March 2014 Market Monitor for the AMIS bumper crops in several major producing countries are likely to boost supplies and to result in much higher world stocks in 2014 for maize, wheat, rice and soybean.

In 2014 the agricultural areas for winter crops replanting in Ukraine will not exceed the level of 500 thsd ha.

The Index, based on the prices of a basket of internationally-traded food commodities, saw price upticks in all commodity groups, with the exception of meat, which fell marginally.

Following two successive years of reduction in domestic beef and pork supply, EU meat production and consumption are expected to recover in 2014.

Cereal production in Latin America and the Caribbean grew by 8.8%, reaching 221.4 million tonnes, the FAO pointed out today.

FAO released its latest estimate for world cereal production in 2013. This points to a stronger growth in world cereal production than had been anticipated, to a record 2 502 million tonnes, up 8.5 percent from 2012.