Antigua and Barbuda: The CIC confirms a new decrease in stocks at the end of the 2020/21 campaign
Antigua and Barbuda
Published May 4, 2021
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 revises the forecast for wheat upwards and downwards that for corn. Both wheat and corn production will grow compared to this season, while barley, oats and rye are expected to decline. Despite this, the ...