Corn production collapses, rice falls, wheat grows again in the world

Published 2022년 9월 5일

Tridge summary

The article highlights a report by the Food and Agriculture Organization (FAO) that lowers its global cereal production forecast for 2022 by 1.4%, equivalent to a decrease of 38.9 million tons, due to a significant drop in corn production, especially in the European Union because of droughts. Despite these setbacks, wheat production is expected to rise slightly, thanks to increased supplies from Russia and the resumption of maritime traffic from Ukraine. The report also notes a surge in shipping costs, which could undermine efforts to address food safety issues. Furthermore, rice production is predicted to decline by 2.1% due to irregular rainfall in key regions like India and Bangladesh. Overall, the FAO's report points to a complex global food system facing challenges, including decreased production, increased costs, and the need for greater resilience against climate and other risks.

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

Original content

The FAO updates the estimates for world cereal production in 2022 downwards. The sharp decrease in corn mainly weighs on the budget due to the climate emergency in Europe. Rice also falls while wheat is recovering strongly thanks to greater Russian supplies and the resumption of maritime traffic from Ukraine. But in relation to these mailings, a BBC investigation shows that hopes for a resolution of food safety problems are overshadowed by the surge in shipping costs. The FAO updates its forecasts on cereal production for 2022, drawing a significantly revised downward picture, but not for wheat. Less than 1.4% compared to 2021 The new bulletin on the supply and demand of cereals in fact assumes a possible drop in world production of cereals of 1.4%, equal to 38.9 million tons, compared to last year. Corn penalized by drought in Europe Much of this downward revision would affect raw cereals, with corn production in the European Union projected to be 16% lower than the average over ...

Source: Terraevita