CIC raises global corn harvest forecast for 2023/24

Published 2023년 11월 16일

Tridge summary

The International Grains Council has increased its estimates for global corn and wheat production in the 2023/24 season. The forecast for corn production has been raised by 4 million metric tons to 1,223 million tons, largely due to higher expectations for the United States. The projection for global wheat production has also been raised by 2 million tonnes to 787 million, driven by improved prospects in Ukraine, Russia, and Turkey.

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Original content

LONDON, (Reuters) -The International Grains Council (ICC) on Thursday raised its forecast for global corn production in the 2023/24 campaign by 4 million metric tons to 1,223 million tons, driven by improving prospects for the United States. In its monthly update, the intergovernmental body revised upwards its projection for the US crop to 387 million tonnes, compared to the 382.7 million previously forecast, due to better-than-expected yields. The CIC also raised its outlook for the 2023/24 global wheat crop by 2 million tonnes to 787 million, thanks to improving prospects for Ukraine, Russia and Turkey. The ...

Source: Elperiodicodemexico