News

World grain reserves may become a record

Ukraine
Published Jun 5, 2023

Tridge summary

According to preliminary forecasts of the FAO for the 2023-2024 season, the world production of cereals in 2023 will increase by 1.0% to 2,813 million tons. This is reported by the press service of the FAO. The forecasted growth is also due to the expected increase in the production of corn, rice and sorghum; at the same time, the production volume of wheat and barley may decrease compared to the indicators of 2022.

Original content

According to FAO's preliminary forecasts for the 2023-2024 season, world grain production in 2023 will increase by 1.0% to 2,813 million tons. This is reported by the FAO press service. The forecasted growth is also due to the expected increase in the production of corn, rice and sorghum; at the same time, the volume of wheat and barley production may decrease compared to the indicators of 2022. According to the first forecast of the FAO, the volume of grain consumption in the world in the 2023-2024 season will amount to 2,803 million tons, which is 0.9% higher than the level of the 2022-2023 season years This growth is caused by an increase in consumption both for feed purposes, primarily corn, and for food purposes, mainly wheat and rice. Based on initial forecasts, grain stocks in the world in ...
Source: Agrotimes
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.