Homepage  Homepage     Search on site  Search on site     To write the letter  To write the letter     Site map  Site map
Agro Perspectiva
We are on: 
   

Photoblog

 






Home > News > News

Global cereal output heading for a new record, lifting consumption and stocks

07.09.2017 23:10 "Agro Perspectiva" (Kyiv) FAO Food Price Index dips 1.3 percent in August, led lower by wheat and coarse grains

7 September 2017, Rome — Global food prices dipped in August, mainly as the prospect of bumper cereal harvests pushed up expectations for larger grain inventories.

The FAO Food Price Index declined 1.3 percent from July, averaging 176.6 points in August.

The drop was largely driven by a 5.4 percent decline in the FAO Cereal Price Index, reflecting a sharp fall in wheat prices as the outlook for production in the Black Sea region improved.

FAO raised its forecast for global cereal production to 2 611 million tonnes, an all-time record. Worldwide stocks of cereals are also expected to reach an all-time high by the close of seasons in 2018, according to the latest FAO Cereal Supply and Demand Brief, also released today.

The new estimates reflect larger anticipated wheat harvests, as improved production prospects in the Russian Federation more than offset downward revisions made for Canada and the United States of America, as well as higher maize and barley outputs in Brazil and the Russian Federation. Global rice production in 2017 is also now forecast to reach a record high, according to FAO.

Slight drop in prices

The slight decline in the FAO Food Price Index in August ended three months of consecutive increases. However, despite this, the Index — a trade-weighted index tracking international market prices for five key commodity groups — remained 6 percent above its value a year earlier.

Along with cereals, the FAO Meat Price Index dropped 1.2 percent in the month, while the FAO Sugar Price Index slipped by 1.7 percent — driven by favourable cane harvest prospects in leading producers Brazil, Thailand and India, as well as by weaker international demand in the wake of higher tariffs imposed by China and India.

But the FAO Vegetable Oil Price Index rose 2.5 percent, led by rising quotations for palm, soy, rapeseed and sunflower oils. And the FAO Dairy Price Index also rose 1.4 percent from July, led by greater demand for butterfat in Europe and North America.

Sharp increases in global stocks and trade

FAO’s new forecast also points to greater food use of cereals, especially wheat and rice, while utilization of coarse grains for animal feed is projected to reach an all-time high.

Even so, world cereal stocks are expected to hit a record high of 719 million tonnes, up 2 percent from their already high levels at the opening of the current seasons. Wheat inventories in the Russian Federation and maize inventories in Brazil are expected to rise notably.

World cereal trade is also expected to expand by over 2 percent to reach 403 million tonnes, a new record. The FAO’s latest forecast is 8 million tonnes higher-than-earlier anticipated on account of firmer import demand by China, Brazil, the European Union, the Islamic Republic of Iran and Mexico.

Agro Perspectiva

< Ministry of Social Policy: VR Committee approved a pension reform All news for
07.09.2017
FAO: World cereal harvest set to hit all-time record >

21.09.2018  
23:19 Ukrainian grains export exceeds 8.8 million tons
22:44 Ukrainian plant varieties State registration to be improved
22:13 Poroshenko doubts that land market could open within near future
21:36 Lozova Machinery enters Canadian market
20:11 Cherkasy region agrarians harvested 28,000 tons sugar beets
20.09.2018  
23:14 2018 autumn sowing: winter rape sowing over
22:11 Belarus agrarians harvested sugar beets at almost 20,000 ha
21:44 Volyn region agrarians harvested sugar beets at 1,000 ha
21:32 Ukraine switches to European water quality monitoring system
14:15 UN scientific Committee recommends international trade measures for an additional four chemicals
19.09.2018  
23:19 State support 2018: Agrarians already received almost UAH145 million compensation
22:51 Agrarian Ministry: since early this year, land auctions have given UAH128 million
21:44 Ukraine, Germany discuss prospects of agricultural sector cooperation for next year
21:03 Agrarian Ministry expects domestic gardening program to be overfulfilled
20:28 Statistics Service: Ukrainian agriculture renews its positive dynamics
18.09.2018  
23:11 Vinnytsia region sugar output 17,700 tons
22:42 Ukraine, Moldova discuss ecological problems of Dniester River
22:17 Ukrainian delegation participates OIE Regional Commission 28th Conference
21:04 Ukraine to export maize to Europe first time ever
20:39 Harvesting 2018: agrarians threshed almost 37 million tons grains
17.09.2018  
23:47 Kyrgyzstan Jan-Aug sugar output exceeded 19,000 tons
22:04 Ukrainian Foods Safety Service, EBA discussed cooperation urgent issues
21:58 Ukrainian Aug sugar export exceeded 22,000 tons
21:36 SETAM to sell right to lease State-owned land
20:17 UN-backed Climate Summit urges action to the next level
14.09.2018  
23:04 Kyiv region agrarians start sugar beets harvesting
22:13 Groisman: draft State budget-2019 includes UAH6.9 milliard for agrarians support
21:07 Ukrainian cattle number down 4.3%
20:14 Interregional agrarian forum to be held within Sumy
19:56 Harvesting 2018: agrarians threshed 1.5 million tons maize
13.09.2018  
23:19 Over 400 Ukrainian market operators have already implemented HACCP system
22:14 Ukrainian this year Jan-Jul poultry meat export boosted to almost 185,000 tons
21:36 Trofimtseva to open the 10th All-Ukrainian Organic Food Fair
21:08 Azot suspends mineral fertilizers output
20:12 UN: Hunger reached alarming ten-year high within 2017
12.09.2018  
23:03 Ukraine breaks frozen fruits/berries export record
22:36 Cherkasy region sugar beets yield expected to be high
21:47 Europe faces potatoes deficit due to abnormal heat, UK prices tripled
17:11 Ukrainian producers invited to Turkey agricultural exhibition
15:43 Saudi Arabian SALIC buys Ukrainian farming company Mriya
11.09.2018  
23:38 Next year, India can shift Brazil as leading sugar producer
22:19 Agrarian Ministry upgrades its 2018/19 MY grains/leguminous crops forecast to 63.1 million tons
22:11 Belarus sugar output almost 20,000 tons
18:24 Vinnytsia region starts sugar beets harvesting
16:08 Foods and Grains Corporation starts accepting new crop maize
10.09.2018  
23:36 Ukrainian producers invited to participate international exhibition Food Africa 2018
23:04 FAO: This year global grains output to be down 2.4% due to drought
22:14 Ukrainian onions export up 17 times
21:03 Harvesting 2018: agrarians threshed 70% grains/leguminous crops
20:11 Ukrainian grains export almost 6.88 million tons

Also available: 



Agrarian Week in digital



READ ON-LINE



NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
Exhibitions
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
     Lenty.Ru   +
2002 -2018 © Agrarika, ltd.
tel.: +38 (044) 486-9171, 486-8119
fax: +38 (044) 486-8830, 494-4889
e-mail: info@agroperspectiva.com