Global cereal production to exceed 3-bln mark – FAO

FAO’s latest forecast for world cereal production in 2025 has been revised upward this month to 3 003 million tonnes, marking the first time the global output is estimated to surpass the 3-billion-tonne level. Upward revisions to wheat production estimates are primarily behind the improved outlook, driven especially by Argentina, where larger-than-expected plantings and likely record yields, supported by favourable weather, are expected to result in an all-time-high harvest. Revisions to wheat production in the European Union and the United States of America also contributed to this month’s more buoyant outlook. Likewise, global coarse grain production has been raised, although to a lesser extent, mostly reflecting higher barley output. As for rice, FAO has upgraded its production forecast for Indonesia since November, as official assessments in the country indicate that continued area expansions are likely to translate into a higher-than-previously-expected offseason harvest. ...