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Global cereal trade seen down in 2022/23; world wheat production forecast to decline in 2023 – FAO

Wheat
Algeria
Argentina
Bangladesh
Published May 6, 2023

Tridge summary

FAO’s latest forecast for world cereal production in 2022 has been raised by 7.7 million tonnes since the previous month, now pegged at 2 785 million tonnes, but it is still 1.0 percent lower year-on-year. An upward revision to wheat production in Kazakhstan, where official data indicated higher-than-previously-foreseen yields, pushed the global wheat outturn above 800 million […]

Original content

FAO’s latest forecast for world cereal production in 2022 has been raised by 7.7 million tonnes since the previous month, now pegged at 2 785 million tonnes, but it is still 1.0 percent lower year-on-year. An upward revision to wheat production in Kazakhstan, where official data indicated higher-than-previously-foreseen yields, pushed the global wheat outturn above 800 million tonnes for the first time on record. The forecast for world coarse grains production has also been lifted, reflecting a larger-than-previously-expected harvest in India based on official data that reported higher yields and area, but is still 2.8 percent below last season’s level. FAO’s forecast for world rice production in 2022/23 has also been raised somewhat to 516.7 million tonnes (milled basis). This level would be 1.8 percent below the 2021/22 estimate, which was also revised up to an all-time high of 526.0 million tonnes. Much of this upgrade mirrors historical revisions to output figures for Myanmar. ...
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