Grain production in the world in 2023 was a record – FAO

Maize (Corn)

China

Nepal

Published Feb 3, 2024

Tridge summary

The FAO has increased its forecast for world cereal production in 2023 by 13.2 million tonnes, reaching a record 2,836 million tonnes, due to better-than-expected maize outputs. Despite weather challenges, Brazil is expected to harvest an above-average maize crop in 2024, and Argentina's production is also set to rebound. The global grain forecast has increased by 8.9 million tonnes, largely due to larger maize exports from Türkiye, Ukraine, and Russia, and increased demand from China and Mexico. However, the forecast for international rice trade in 2024 has been lowered due to reduced import expectations for Nepal and Nigeria.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

FAO’s forecast for world cereal production in 2023 has been revised upward by 13.2 million tonnes (0.5 percent) this month and is set to reach a record high of 2 836 million tonnes. This represents a 1.2 percent (33.3 million tonnes) increase from the 2022 level. The revision is primarily the result of better-than-previously envisaged maize outputs in several key producing countries, while more modest upward revisions were made to the global barley and wheat production forecasts. The global coarse grain output is pegged at an all-time high of 1 523 million tonnes, following a 12-million-tonne upward adjustment this month. The bulk of the revision reflects new official data from Canada, China (mainland), Türkiye and the United States of America, where a combination of higher yields and larger harvested areas than previously expected has led to higher maize production estimates. The global barley output has also been raised, with changes mostly concentrated in Canada and the Russian ...

Source: UkrAgroConsult