The supply of grains on international markets remains at a sufficient level, and the forecast for the short-term outlook is favorable.

This month, the FAO raised its forecast for global cereal production in 2025 by 10.1 million tons (0.3 percent) to 2971 million tons. This revision is due to increased expectations for the production of all types of cereals, primarily wheat, corn, and rice (in descending order). Thus, the projected volume of global cereal production is 3.8 percent higher compared to last year's level, marking the largest annual increase since 2013. The global wheat production volume in 2025 is forecast at 809.7 million tons, which is 0.6 percent higher compared to the previous month and currently 1.3 percent higher than the production volume in 2024. This month's upward revision is primarily due to Australia, where rainfall in July-August improved crop prospects and led to an increase in the production forecast for 2025 to the average level of the last five years after a dry start to the season in some areas of the country. Forecasts for the European Union and the Russian Federation have also been ...