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Types of harvest and food situation in the world, preliminary forecasts from FAO

Published Mar 4, 2023

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Global cereal stocks decline in 2022-23 season: preliminary forecasts point to decline in wheat production - FAO 796 million tons, which is 0.7 percent higher than last year. This upward revision is driven by higher forecasts for world production of corn and rice; at the same time, global sorghum production estimates are downgraded, slightly lowering the overall growth forecast for this month. With these changes, world production of coarse grains is expected to reach 1,501 million tons, up 1.2 percent from last year. Most of this increase is driven by increased maize production in the European Union (EU) and India, which more than offsets low feed grain production forecasts in Sudan. Global wheat production is forecast unchanged for the current month at 775.4 million tonnes, reflecting an increase in Australian gross production, maintaining record levels of production despite slight downward revisions to forecasts for the EU, Iraq and Paraguay. After an upward revision of 2.2 ...
Source: Oilworld
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