March forecast shows an increase in global cereal production in the 2022/2023 season
Wheat
Maize (Corn)
Published Mar 8, 2023
Tridge summary
The latest FAO forecast for world grain production for the 2022/2023 season was revised up by 9 million tons this month and now stands at 2.774 billion tons, still up 1.3 per cent. less year to year. Most of the upward revisions concern rice and, to a lesser extent, feed grains.
Original content
Grain Utilization The 2022/23 global grain utilization forecast of 2.780 billion tons remains almost unchanged this month and still shows a decline of 0.6 percent below 2021/22 levels. After a downward revision of 1.4 million tons this month, total global use of feed grains is projected to fall by 1.5% in 2022/23. below the level of the 2021/2022 season, which results from the expected decreases in the use of all main feed grains (maize, barley and sorghum). The FAO forecast for world wheat use has also been revised upwards from the previous report by 1.8 million tonnes, mainly reflecting greater use of wheat as feed in the European Union, where maize is expected to be replaced by wheat due to lower domestic maize supply and higher supply levels wheat. This upward revision raises the forecast for total wheat utilization in 2022/2023 to 779 million tonnes, which is however an increase of 0.8%. compared to the level of the 2021/2022 season. Decrease in global grain stocks World ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.