World cereal production will reach new records this year with trade in turmoil due to rising consumption or the weather

World cereal production will reach a historical maximum in the 2024-2025 campaign up to 2,321 million tons, according to the intergovernmental organization IGC, but its distribution and trade will be very turbulent due to the rise in consumption, climate instability and the geopolitical panorama. With these capacities, world cereal production "concatenates" several record campaigns, Efeagro assures from the commercial sector, but "the question is how it will be distributed", along with unknowns such as the effect of political instability on oil and transport freight; At the moment the price trend is bearish. Spain, specifically, is a grain-deficient nation and its prices are set by international markets, although the production of this campaign is more abundant than the catastrophic one of 2023, marked by drought. THE DATA AND PRICES The latest IGC forecasts raise the world production of grain cereals by eight million tons, to 2,321 million tons, taking into account the ...