Forecast of world cereal production, consumption, and reserves in 2023
Published Nov 9, 2022
Tridge summary
According to FAO's latest forecast, world cereal production in 2022 will decrease by 4.9 million tons compared to last month's forecast and will reach 764 million tons, a decrease of 1.8% (50.8 million tons) compared to the previous forecast. In 2021, mainly due to a decrease in wheat production, coarse grain production also decreased slightly.
Original content
Wheat production forecast in 2022 is down by 3.4 million tons to 783.8 million tons, but still up 0.6% (up 4.5 million tons) compared to 2021 and a record high, due to the crop Wheat in the US decreased in yield and harvested area. World crude cereal production forecast for 2022 is down 1.3 million tons from last month's forecast and at 467 million tons, down 2.8% year-on-year, marking the first reduction in output in four years. year, mainly due to a decrease in maize production in the US and the European Union due to drought. In Ukraine, which is harvesting corn, production is forecast to increase due to a larger harvest area, the country's exports from Black Sea ports are reduced. For rice, Indonesia's rice production forecast increases as the area planted to rice increases compared to FAO's previous forecast, partially offsetting production declines in Vietnam and Nigeria. As a result, world rice production in 2022/23 is now forecast to reach 512.6 million tons, down 2.4% from ...
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