Antigua and Barbuda: The CIC confirms a new decrease in stocks at the end of the 2020/21 campaign

The latest forecasts from the International Grains Council (CIC) for the current 2020/21 season confirm that consumption will exceed demand, which will mean a further decline in end-of-season stocks. In its report at the end of April, it includes an estimate of world cereal production (excluding rice) of 2,226 million tons (2 million more than in the March report), which represents an increase of 2% compared to the previous season. that is, 36 million tons more. For its part, world demand will increase by 44 million tons compared to the previous season, which will reduce the final stock to 609 million tons, the lowest level in five years. This decrease is due to the reduction of the final corn stocks expected in 2020/21 (the shortest in eight years) while those of wheat will be record. Looking ahead to the next season 2021/22, the CIC maintains its progress in world production unchanged and the consumption figure does not change either, although in the case of the latter it ...