FAO: A slight increase in global grain production is expected

(NAP) FAO's first forecast for the 2024/25 season (July/June) predicts that global cereal production will total 2,846 million tonnes, practically on par with the record production obtained in 2023/24. Global production of corn and wheat is forecast to decline, while that of barley, rice and sorghum is forecast to increase. In recent days, the FAO announced the publication of the first forecasts for world cereal production, but as there are still many crops to be planted in the northern hemisphere, there is a high level of uncertainty regarding these projections. This year's forecast already tests the validity of early forecasts for 2024/25 wheat production, as drought and prolonged frost in key producing areas of the Russian Federation have limited yield prospects. . Consequently, global wheat export prices increased during May due to growing production concerns, centered on the Black Sea region. Wheat, most of which is consumed as food with only a limited number of substitutes, ...