World cereal production volumes remained unchanged compared to last month

Consumption and trade have increased and stocks have fallen, but are still expected to rise to an all-time high. FAO left unchanged its forecast for global cereal production in 2023, estimated at 2,819 million tonnes, still up 0.9 percent (26 million tons) is more than last year's gross production. Global wheat production in 2023 is forecast at 785.1 million tons, almost the same as last month, but 2.2 percent (18 million tons) below last year's level. Forecasts have been revised downward for the European Union and Kazakhstan, where prolonged adverse weather conditions late in the season resulted in lower-than-forecast harvests. These forecast cuts outweighed increases in production forecasts for Iraq and the United States due to expected high harvests. For 2023, global coarse grain production is estimated at 1,510 million tonnes unchanged, still 2.7 percent (38.8 million tonnes) above last year's gross production. However, there are a number of notable changes at the country ...