FAO: World grain production, use and stocks forecast has decreased since last month
Wheat
Published Nov 5, 2022
Tridge summary
Most of the cuts this month are for wheat, while there has also been a slight downward revision to the forecast for world feed grain production. Taking into account a reduction of 3.4 million tonnes this month, world wheat production in 2022 is now projected at 783.8 million tonnes, still 0.6 percent (4.5 million tonnes) above the 2021 figure. the monthly decline is almost entirely attributable to the US wheat crop, reflecting a decline in yields and harvested area.
Original content
Fewer Wheat and Feed Cereals Most of the cuts this month are for wheat, while there has also been a slight downward revision to the forecast for world feed grain production. Taking into account a reduction of 3.4 million tonnes this month, world wheat production in 2022 is now projected at 783.8 million tonnes, still 0.6 percent (4.5 million tonnes) above the 2021 figure. the monthly decline is almost entirely due to the US wheat crop, reflecting a decline in yields and harvested area. Elsewhere, as the wheat harvest in 2022 is nearing an end to production forecasts have remained unchanged. The projected global production of feed grains in 2022 was also reduced by 1.3 million tonnes and now stands at 1.467 billion tonnes, or 2.8%. less on an annual basis, which is the first decline in production in four years. Most of the reductions this month are due to cuts in expected US and EU maize yields, where recent assessments indicate a greater impact of the drought than previously ...
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