World cereal markets heading towards a record production in 2021/22 but only a marginal increase foreseen for stocks

04.06.2021 13:46 "Agro Perspectiva" (Kyiv) — Current prospects for world cereal production point to a third successive year of moderate growth, with FAO’s first forecast for the world cereal output in 2021 now pegged at nearly 2 821 million tonnes (including rice in milled equivalent), a new record and 1.9 percent above the outturn in 2020. The bulk of this year’s foreseen growth relates to maize, with output anticipated up 3.7 percent from 2020. Global wheat production is also expected to increase, up 1.4 percent year on year, while rice production is set to go up by 1.0 percent.

World cereal utilization in 2021/22 is expected to expand by 1.7 percent, to a new peak of 2 826 million tonnes. Total cereal food consumption is forecast to rise in tandem with world population, resulting in a stable annual per capita level of 150 kg. As for animal feed use of cereals, similar to 2020/21, a notable feature is an anticipated continued growth in the use of wheat for feed, which is seen to rise to 156 million tonnes, still well below the level of coarse grains, forecast at 895 million tonnes. Based on current production and utilization forecasts for 2021/22, world cereal stocks at the close of crop seasons ending in 2022 are anticipated to increase, but by only 0.3 percent, to 811 million tonnes. The expected small rise in the level of world cereal inventories, which follows three consecutive seasons of declines, may not be sufficient to prevent a further drop in the stocks-to-use ratio, which is forecast to fall from 28.6 percent in 2020/21 to 28.1 percent in 2021/22.

While FAO’s first forecast for world trade in cereals in 2021/22 indicates an increase of only 0.3 percent from the high level estimated for 2020/21, much will depend on the volume of cereals to be imported by China. Word cereal trade in 2020/21 is seen to expand by as much as 6.3 percent, reaching a peak level of 468 million tonnes. Most of this sharp increase, however, reflects surges in imports of cereals by China, which are expected to rise by 30 million tonnes (123 percent) from the previous season.

06.08.2022
	15:38	FAO Food Price Index registered a steep drop in July
03.08.2022
	15:55	BASF enters power agreements for clean energy supply of more than 20 BASF sites across the United States
	13:22	FAO to boost soil nutrient mapping in Central America and sub-Saharan Africa $20 million contribution from U.S.A. will catalyze more efficient use of fertilizers
	12:21	Europe and Central Asia: Promoting green agriculture to transform local agrifood systems
	11:23	Ukraine: Canada contributes USD 40 million to cover 2.4 million tonnes of storage
29.07.2022
	16:55	South Africa Fresh Orange Production and Exports Climb Higher
26.07.2022
	11:28	BASF transforms market towards certified, sustainably sourced coconut oil
23.07.2022
	02:43	Black Sea grain exports deal ‘a beacon of hope’ amid Ukraine war - Guterres
07.07.2022
	12:43	Russia illegally exports 150,000-170,000 tonnes of grain from Ukraine per month - Ukrainian Ambassador to Turkey
28.06.2022
	08:35	Export prices for milling wheat again fell slightly
27.06.2022
	09:50	No concrete agreements on holding talks with participation of Ukraine, Russia, Turkey, UN on grain export – MFA
20.06.2022
	20:32	Coca-Cola to cease production and sales in Russia
14.06.2022
	16:27	Afghanistan: FAO and the World Bank step up their response to the worsening food security $195 million emergency project aims to provide critical life-saving and livelihood assistance to smallholder farmers
	13:32	Ukraine calls on other countries to abandon export restrictions - trade representative
13.06.2022
	12:26	India bans wheat exports to ensure sufficient domestic food grain supply
03.06.2022
	10:28	Thailand Sugar Production and Exports Continue to Rebound
02.06.2022
	11:11	Global rapeseed supplies in 2022/23 are projected to a record 100.5 MMT
31.05.2022
	12:51	Global soybean production in 2022/23 is forecast at a record 394.7 MMT
24.05.2022
	09:05	Global soybean production in 2022/23 is forecast at a record 394.7 MMT
17.05.2022
	15:00	Ukraine rapeseed production is forecast to rise despite the ongoing hostilities
	10:49	2021/22 Indonesia Palm Oil Exports Slashed
16.05.2022
	15:45	Astarta Completed Spring Planting 2022
15.05.2022
	16:37	2022/23 Grain Consumption Exceeds Production, Stocks Tighten
11.05.2022
	14:31	EBRD to play key role in support of Ukraine, President says
09.05.2022
	11:15	Vegetable oil and maize prices slightly decrease after recent surge, while rice, meat, dairy and sugar prices slightly increase and global trade prospects dim
29.04.2022
	14:03	BASF achieves strong EBIT before special items despite significantly higher energy and raw materials prices
28.04.2022
	17:52	EU takes steps to suspend all duties on imports from Ukraine
	16:27	BASF to wind down activities in Russia and Belarus except for business that supports food production
27.04.2022
	13:54	EBRD enhances trade finance for Ukraine
	09:11	Coca-Cola will provide assistance to Ukraine for up to $15 mln
26.04.2022
	20:35	Indonesia. Despite the expected increase in production, imports of raw sugar are also forecast to increase
	19:43	Australia is expected to produce another big grain crop in MY 2022/23 after a record setting winter crop and strong summer crop production in MY 2021/22
21.04.2022
	10:15	The Ukraine Conflict and Other Factors Contributing to High Commodity Prices and Food Insecurity
16.04.2022
	16:25	WFP appeals for access to encircled cities in Ukraine
12.04.2022
	11:35	Global cereal trade and utilization in 2021/22 revised down
	10:25	FAO Food Price Index posts significant leap in March
07.04.2022
	08:49	FAO launches new phase of agriculture policy initiative with $11 million grant from Bill and Melinda Gates Foundation
29.03.2022
	21:32	Astarta Starts Spring Planting
24.03.2022
	21:15	Pakistan. Wheat production in 2022/23 is forecast at 26.4 MMT
14.03.2022
	13:21	CNH Industrial Statement on Ukraine and Russia
10.03.2022
	11:10	Market Signals to Sell Soybean Stocks
	09:05	2021/22 Grain Trade in Flux Amid Russia-Ukraine Conflict
07.03.2022
	12:40	FAO Food Price Index rises to record high in February
03.03.2022
	11:25	The Food Front is open: the food of Ukraine will provide citizens with products under any conditions!
	11:21	Ukrainian CCI ask all international trade associations to cease cooperation with representatives of russian trade associations
23.02.2022
	14:05	Astarta Invests USD14.6m in the Construction of a Modern Sugar Storage Silo
16.02.2022
	13:18	Brazil. The drought in the south of the country has dampened prospects for a record crop
10.02.2022
	17:21	World Pulses Day leverages the power of youth to transform agrifood systems
	17:17	Shrinking South America Soybean Production Constricts Trade and Boosts Prices
	12:10	Astarta Builds its First Silo in the Chernihiv Region