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World record cereal production will ensure sufficient supply in the markets in the 2021-2022 agricultural year

ФАО: Рекордные объемы производства зерновых обеспечат достаточное предложение на рынках в 2021–2022 сельхозгоду
This news article has been translated to English.
Grain & Cereals
Price Trend
Environmental Issue
Supply Yield / Stock Quantity
Dec 2, 2021
From Zol
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FAO's forecast for world cereal production in 2021 has been cut from its November forecast of 2.1 million tonnes to 2,791 million tonnes, but remains 0.7 percent (19.2 million tonnes) above last year's production figure is a new record level. The month-on-month downgrade was the result of a modest expected decline in global cereal production as a result of lower projections for barley and sorghum production, which, however, were more than offset by an upward revision of projections for world corn production due to higher than expected harvest in Ukraine and the United States of America. However, projections continue to indicate that global coarse grain production will exceed last year's levels by 1.4 per cent to 1,500 million tonnes. For wheat, current information from Brazil and the United Kingdom of Great Britain and Northern Ireland indicates a lower-than-expected harvest, which lowered global production forecasts slightly to 769.6 million tonnes, confirming a decline in production from from last year by 1 percent. Although FAO previously predicted a slight decrease in rice production in Pakistan due to water shortages in several provinces, according to official estimates, a record harvest of this crop is expected this agricultural season. Combined with an uptick in the outlook for the United States of America based on expected higher yields, this revised figure somewhat offset the less optimistic forecasts for Thailand, driven by floods in September-October, and for Bangladesh, with a slight decrease in the main crop for compared with previous forecasts. As a result, global rice production in 2021 is still expected to be in the order of 518 million tonnes (in terms of hulled grain), up 0.9 percent from last year and a new all-time high.
FAO's forecast for world cereal production in 2021 has been cut from its November forecast of 2.1 million tonnes to 2,791 million tonnes, but remains 0.7 percent (19.2 million tonnes) above last year's production figure is a new record level. The month-on-month downgrade was the result of a modest expected decline in global cereal production as a result of lower projections for barley and sorghum production, which, however, were more than offset by an upward revision of projections for world corn production due to higher than expected harvest in Ukraine and the United States of America. However, projections continue to indicate that global coarse grain production will exceed last year's levels by 1.4 per cent to 1,500 million tonnes. For wheat, current information from Brazil and the United Kingdom of Great Britain and Northern Ireland indicates a lower-than-expected harvest, which lowered global production forecasts slightly to 769.6 million tonnes, confirming a decline in ...
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