FAO raises world cereal harvest forecast for 2024 to 2.853 billion tons

Published 2024년 10월 9일

Tridge summary

The Food and Agriculture Organization of the United Nations (FAO) has slightly increased its forecast for global cereal production in 2024 to 2.853 billion tonnes, up from the previous estimate of 2.851 billion tonnes, due to growth in rice and wheat. However, the global harvest for 2024 is still expected to be slightly below the 2023 level. The forecast for wheat production has also been raised to 792.9 million tonnes from 791.4 million tonnes in September. However, the production forecast for global coarse grains has been revised down to 1.521 billion tonnes, primarily due to lower forecasts for maize and barley in the EU. Despite this, the US maize forecast has been improved due to near-perfect weather conditions. Global cereal utilization in 2024/25 is expected to increase by 12.4 million tonnes, reaching 2.853 billion tonnes. International cereal trade is forecast at 488.1 million tonnes, down 2.7% from 2023/24, with increased imports in Africa and the Middle East expected to boost international rice trade in 2025.

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Original content

The Food and Agriculture Organization of the United Nations (FAO) has slightly raised its forecast for global cereal production in 2024 to 2.853 billion tonnes, but the global harvest for the year will still be slightly below the 2023 level. This is stated in the organization's statistics. In its previous forecast, FAO estimated the volume of world grain production this year at 2.851 billion tonnes. The revision is due to growth in rice and wheat, which outweighed a slight decrease in global feed grain production, FAO notes. In 2023, according to the charts, the world cereal harvest amounted to 2.856 billion tonnes. The forecast for wheat production was also raised to 792.9 million tonnes from 791.4 million tonnes in September. The forecast for global coarse grains production in 2024 was slightly revised down this month to 1.521 billion tonnes, down 0.8% from the previous year, mainly due to lower forecasts for maize and barley in the EU, where unfavourable weather conditions have ...

Source: Agrosektor