World: In 2023, the wheat harvest will reach the second highest indicator in history

Published Mar 6, 2023

Tridge summary

The United Nations' Food and Agricultural Organization (FAO) has forecasted that the global wheat production in 2023 will reach 784 million tons, which is nearly the second highest ever. The production prospects for forage crops in the Southern Hemisphere are favorable, and the total corn planted in Brazil is expected to hit a record. However, the global grain consumption in the 2022-2023 season is predicted to decrease by 0.6% to 2,780 million tons due to an anticipated reduction in the consumption of all major feed grains. Furthermore, the FAO anticipates a 1.2% decrease in global grain stocks by the end of 2023, and a 1.8% drop in world grain trade to 473 million tons.

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Original content

The Food and Agricultural Organization of the United Nations (FAO) has predicted that the world production of wheat in 2023 will amount to 784 million tons. This may become the second highest indicator in history, the press service of the FAO reports. Follow the news in a convenient format: Follow us on Twitter Yes, high numbers are expected in North America as farmers increase plantings in response to high grain prices. The organization believes that the prospects for the production of forage crops in the Southern Hemisphere in 2023 are mostly favorable, and the total amount of corn planted in Brazil is expected to reach a record. World grain consumption in the 2022-2023 season is forecast at 2,780 million tons, which is 0.6% less than in the previous period. This is largely due to the expected reduction in the consumption of all major feed grains. At the same time, global grain stocks will decrease by 1.2% compared to the initial figure by the end of 2023, to 844 million tons, ...

Source: Landlord