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Wheat: China will come to own 52% of world stocks

Maize (Corn)
Published Feb 26, 2024

Tridge summary

China now holds the majority of the world's cereal and corn stocks, with 52% and 64% respectively, marking a 4% increase since the war. The European Union has also seen a 4% increase in its grain stocks, while the United States has experienced a decrease. Russia has boosted its wheat reserves by 32%, whereas Ukraine's reserves have plummeted by 51% over the past two years, accompanied by a 30% drop in production, due to uncertainties in the energy sector and rising costs.
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

China, for example, with about 140 million tons, will now own 52% of world cereal stocks and 64% of corn stocks (170 million tons). Compared to before the war, China has increased its grain stocks by 12 million tons (+4%), as has the European Union (from 4% to 7% + 4 million tons), while reserves of the United States are reduced drastically (from 8% to 6%). This follows from an analysis published by the Centro Studi Divulga in the document “Mari in tempesta”, a study on the impact of the ongoing wars on the agri-food system. Among the countries involved in the conflict, Russia, in addition to having increased its production, has also increased its wheat reserves by 32%, while Ukraine marks a decrease of 51% ...
Source: Agromeat
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