World grain production would amount to 3,464.1 million tons next year

Wheat

Australia

Rice

China

Published Dec 28, 2023

Tridge summary

The USDA predicts a 2% increase in global production of main grains in 2023/24, reaching the highest volume in history, with corn, sorghum, and rice being the main contributors to this growth. However, world wheat production is expected to decrease by 1%, mainly due to significant drops in production in Australia and Canada. International grain trade is expected to decrease slightly in 2023/24, with corn and sorghum exports increasing, while wheat and barley exports show a contraction, and oilseed exports decrease by 3%.

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

According to data from the United States Department of Agriculture (USDA), world production of the main grains in 2023/24 would show an interannual increase of more than 2%, standing at 3,464.1 Mt and reaching the highest volume recorded in the history. On the cereal side, it is estimated that global production would reach 2,803.1 Mt in the 2023/24 cycle, which is equivalent to an increase of 2% compared to the previous campaign. The crops that would show an increase in their harvest would be corn, sorghum and rice, whose growth would more than compensate for the drop in the production of other cereals. In relation to corn, the world harvest would rise 6% year-on-year to 1,222.1 Mt. In this sense, an increase in supplies from the United States stands out, which would manage to harvest 38.6 Mt more than in 2022/23, reaching a record harvest. Likewise, there is a greater production of corn in Argentina, which would be 55% above the volume achieved this year, after the country went ...

Source: On24