World coarse grain production increases thanks to West African maize

Published 2021년 3월 4일

Tridge summary

The United Nations' Food and Agriculture Organization (FAO) has revised up its 2020 world cereal production forecast to 2,761 million tonnes, marking a 1.9% increase from the previous year, thanks to higher-than-expected maize yields in West Africa and better wheat harvests in the European Union, Kazakhstan, and Russia. The increase is mainly due to improved production forecasts in India, Tanzania, and Iran. However, the FAO also expects the total cereal import requirements for the 51 low-income, food-deficit countries to reach 74.1 million tonnes for the 2020/21 marketing year. Furthermore, the FAO predicts a record world wheat production in 2021, with an anticipated rebound in the European Union's wheat production, increased maize plantings in South Africa, and a rise in global wheat use and cereal trade.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Due to higher than expected maize yields especially in West Africa, rice in India as well as better than expected wheat harvests in the European Union, Kazakhstan and Russia, the FAO raised 17 million tonnes (Mt) its previous forecast, now estimating world cereal production at 2,761 Mt in 2020, up 1.9% from the previous year. The forecast for wheat was increased by 7.5 Mt and the forecast for coarse grains by 6.9 Mt. The forecast for world rice production was also increased by 2.6 Mt from last month. or + 2.1% from revised estimates for 2019. This month's upward revision mainly reflects more optimistic forecasts for production in India, where it was reported that the area planted for the secondary rabi crop are significantly larger than a year ago. Production was also adjusted upwards for Tanzania and Iran. The total cereal production of the 51 low-income, food-deficit countries increased by 3% in 2020 compared to the previous year and stood at 502.4 Mt, as the recovery in ...
Source: Commodafrica

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