The forecast for world grain production in 2023 is increased compared to last month; preliminary forecasts indicate a slight increase in wheat acreage in 2024

FAO's 2023 global cereal production forecast was raised by 3.6 million tonnes this month, driven by improved production prospects for wheat and, in part, coarse grains. Global cereal production is expected to be 0.9 percent (25.9 million tons) higher than last year and 10.4 million tons higher than the previous record level reached in 2021. This month, the forecast for global wheat production in 2023 was raised to 787 million tons, almost 2 million tons higher than the month earlier but still 2.1 percent (17.1 million tons) lower than the previous month. with the level of 2022. The month-on-month increase was mainly due to higher production in the Russian Federation and Turkey, where the latest official data showed a higher-than-expected harvest. At the same time, forecasts for production volumes in Argentina and Brazil, where unfavorable weather conditions developed at the end of the season, were slightly lowered. Compared to the previous month, the forecast for global coarse ...