Slight increase in world grain production forecast for 2023
Brazil
Italy
Published Apr 8, 2023
Tridge summary
Grain Utilization The 2022/23 global cereal utilization forecast is 2.779 billion tonnes, down 1.0 million tonnes from the last report and still showing a 0.7% decline. compared to the level of the 2021/2022 season. Lower projected maize consumption for feed, especially in the European Union, as well as minor adjustments made in several importing countries due to lower expected imports, are the main factors behind the downward revision of global feed grain use of 1.5 million tonnes this month. The global use of feed grain in the 2022/2023 season, which currently stands at 1.479 billion tonnes, is projected to fall by 1.6%. below the level of the 2021/2022 season.
Original content
Grain Utilization The 2022/23 world grain utilization forecast is 2.779 billion tons, down 1.0 million tons from the last report and still down 0.7%. compared to the level of the 2021/2022 season. Lower projected maize consumption for feed, especially in the European Union, as well as minor adjustments made in several importing countries due to lower expected imports, are the main factors behind the downward revision of global feed grain use of 1.5 million tonnes this month. The global use of feed grain in the 2022/2023 season, which currently stands at 1.479 billion tonnes, is projected to fall by 1.6%. below the level of the 2021/2022 season. Global wheat use is pegged at 780 million tons, up slightly this month, reflecting China's higher-than-predicted use of wheat for feed, now up 0.9 percent. above the level of the 2021/2022 season. World grain stocks The FAO forecast for world grain stocks by the end of the 2022/2023 season has been raised by 5.8 million tons to 850 million ...
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