Ample cereal production sustains stock recovery – FAO

FAO’s latest forecast for global cereal production in 2025 has been raised this month by 0.7 percent (19.9 million tonnes) to 3 023 million tonnes, reinforcing the already anticipated record level. The upward revision mainly reflects higher-than-foreseen wheat yields in Argentina, Canada and the European Union, which have lifted the world wheat outturn to a new all-time high. Similarly, the global coarse grain estimate has been marginally revised upward, placing production at a new peak. The adjustment reflects updated data from China and the United States of America indicating higher maize acreage and better-than-expected yields, while upward revisions to barley outputs in Australia and Canada further strengthen this month’s record outlook. For rice, FAO has increased its global production forecast for 2025/26 by 2.9 million tonnes since December. India accounts for much of this revision, consistent with higher official assessments of the 2024/25 harvest in the country, and with ...