Favourable short-term prospects for cereal markets – FAO

Forecast at 2 990 million tonnes, world cereal production (including rice in milled equivalent) is expected to reach a record level in 2025, up 4.4 percent from 2024. Outputs of all major cereals are anticipated to rise, with the largest year-on-year increase forecast for maize and the smallest for rice. Both maize and rice outputs are predicted to hit new record highs. World cereal utilization in 2025/26 is forecast at 2 929 million tonnes, up 51.9 million tonnes or 1.8 percent from 2024/25. The growth is expected to result mainly from ample supplies and lower prices. Feed use of cereals is expected to rise by 2.1 percent, with major producers such as Brazil and the United States of America directing more maize to animal rations, while in Asia, strong demand from aquaculture is expected to be met though imports of feed-quality wheat. Other uses of cereals, particularly maize, are also set to increase. Human consumption of cereals is forecast to rise marginally, reflecting ...