World cereal exports in the 2022/23 crop year are forecast to decrease by 2.2%

Published 2023년 5월 9일

Tridge summary

The United Nations Food and Agriculture Organization (FAO) has revised its forecast for the 2022/23 crop year, increasing the global cereal production to 2,785 million tons, a slight increase from the previous year. This is largely due to adjusted wheat production in Kazakhstan, pushing global wheat production over 800 million tons for the first time. However, coarse grain production is down 2.8% from the previous season. Rice production is also slightly up, but still down from the previous record. Global cereal consumption is forecast at 2,780 million tons, with wheat consumption increasing by 1.4 million metric tons. Despite this, coarse grain consumption is projected to decrease by 0.9 million tons. The FAO also forecasts a decrease in world crude cereal stocks by 3.8% from early-season levels. Overall, global cereal exports are projected to increase to 472 million tons, with wheat exports expected to hit a record 200 million tonnes.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the FAO's latest forecast dated 5/5/2023, world cereal production in the 2022/23 crop year increased by 7.7 million tons compared to the forecast in April 2023 and reached 2,785 million tons, but still low. 1% more than the previous year. The upward adjustment of wheat production in Kazakhstan, pushed global wheat production above 800 million tons for the first time. World coarse grain production was also raised, as the expected harvest in India increased due to increased yield and planted area, but still down 2.8% from the previous season. FAO's forecast for world rice production in 2022/23 is also slightly up to 516.7 million tonnes, but still down 1.8 percent from the 2021/22 record of 526 million tonnes, mainly due to Myanmar's production increased. However, at the end of the 2022/23 crop year, Myanmar's rice output dropped sharply due to high input costs. Rice production in Colombia, Ghana and Peru increased, which far outweighed the slight downward revision in ...

Source: Vinanet