Tridge summary
According to the Food and Agriculture Organization of the United Nations (FAO), global rice stocks are expected to reach a record high of 198.1 million tons, driven by India and China. Other countries, however, are projected to experience a decrease in rice reserves. The FAO also predicts an increase in global grain production, particularly in corn, due to strong harvests in Brazil and Ukraine, offsetting production reductions in the US and the European Union.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Jakarta, CNBC Indonesia - World rice stocks are expected to reach an all-time high, namely 198.1 million tons. The rise was driven by India, which together with China is estimated to account for almost three-quarters of this volume, as in previous seasons. This is the latest prediction of the Food and Agriculture Organization of the United Nations (FAO). "The aggregate rice reserves held by other countries are estimated to experience a second consecutive contraction at the end of this year, reaching the lowest figure in the last four years, namely 51.4 million tonnes," as reported by World Grain, quoted Thursday (14/ 9/2023). FAO predicts, albeit slightly, an increase in global grain (cereal) production in 2022-2023 to 2.815 billion tonnes, equivalent to record production in 2020-2021. In its latest supply and demand summary, FAO also said corn production is projected to increase by 2.7% to a record level of 1.215 billion tonnes in 2022-2023. The rise was supported by strong ...
Source: Cnbcindonesia
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