Drought, and the war in Ukraine has reduced global grain stocks to a decade-low
Published Sep 27, 2022
Tridge summary
CHICAGO, Sept 26 (Reuters) - The world is headed for the tightest grain inventories in years, despite a resumption of Ukraine's exports, as shipments are tight and other big producers' harvests are smaller than what was initially planned, according to supply data and harvest forecasts.
Original content
CHICAGO, Sept 26 (Reuters) - The world is heading for the tightest grain inventories in years, despite a resumption of Ukraine's exports, as shipments are tight and other major producers' harvests are smaller than what was initially planned, according to supply data and harvest forecasts. Bad weather in key agricultural regions, from the United States to France and China, is reducing grain harvests and cutting stocks, raising the risk of famine in some of the world's poorest nations. Importers, food manufacturers and livestock producers were hoping crop availability would improve after Ukraine resumed shipments from Black Sea ports this summer and US farmers planted big crops. However, the United States, the world's top corn producer, is expected to reap its smallest crop in three years. The drought has also hit European crops and threatens the upcoming planting season in South America. By the end of the 2022/23 crop year, global corn stocks will be enough for 80 days of ...
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