Global cereal production forecast to match past record - FAO
09.09.2023 18:36 "Agro Perspectiva" (Kyiv) —
Forecasts that world cereal production in 2023 will increase by 0.9 percent from the previous year to reach 2 815 million tonnes, on par with the record output realized in 2021. FAO released a new Cereal Supply and Demand Brief. While global wheat production is set to decline by 2.6 percent from 2022, coarse grains total output is forecast to rise by 2.7 percent, with maize production seen reaching a new record of 1 215 million tonnes, buoyed by strong yields in Brazil and Ukraine. Despite a slight downward revision since July, world rice output in 2023/24 is still seen recovering by 1.1 percent from the previous season. World cereal utilization in the season ahead is forecast at 2 807 million tonnes, 0.8 percent above the 2022/23 level. Global cereal production forecast to match past record Forecasts that world cereal production in 2023 will increase by 0.9 percent from the previous year to reach 2 815 million tonnes, on par with the record output realized in 2021. FAO released a new Cereal Supply and Demand Brief. While global wheat production is set to decline by 2.6 percent from 2022, coarse grains total output is forecast to rise by 2.7 percent, with maize production seen reaching a new record of 1 215 million tonnes, buoyed by strong yields in Brazil and Ukraine. Despite a slight downward revision since July, world rice output in 2023/24 is still seen recovering by 1.1 percent from the previous season. World cereal utilization in the season ahead is forecast at 2 807 million tonnes, 0.8 percent above the 2022/23 level. World cereal stocks at the close of 2023/24 marketing seasons are predicted to stand at 878 million tonnes, a 2.2-percent annual increase, pointing to a world stocks-to-use ratio for cereals of 30.5 percent, which FAO deems an «overall comfortable global supply level from a historical perspective.» World rice stocks are forecast to reach an all-time high of 198.1 million tonnes, driven up by India which together with China are estimated to hold nearly three quarters of this volume, like in previous seasons. Aggregate rice reserves held by the rest of countries are seen ending the year with a second successive contraction to a four-year low pegged at of 51.4 million tonnes. FAO lowered its forecast for world trade in cereals in 2023/24 to 466 million tonnes, a 1.7 percent drop from the previous marketing season. Traded volumes of wheat and maize are all predicted to decline, due to a mix of reasons, including falling exports by Ukraine due to trade disruptions associated with the ongoing war. FAO has also lowered its forecast for world trade in rice from the July figure considering the stepped-up export restrictions by India. Although the duration of these restrictions and their extent of application are uncertain, if protracted and if El Niño induces production constraints in other Asian exporters, they could keep the predicted recovery in 2024 trade in rice modest, FAO said. World cereal stocks at the close of 2023/24 marketing seasons are predicted to stand at 878 million tonnes, a 2.2-percent annual increase, pointing to a world stocks-to-use ratio for cereals of 30.5 percent, which FAO deems an «overall comfortable global supply level from a historical perspective.» World rice stocks are forecast to reach an all-time high of 198.1 million tonnes, driven up by India which together with China are estimated to hold nearly three quarters of this volume, like in previous seasons. Aggregate rice reserves held by the rest of countries are seen ending the year with a second successive contraction to a four-year low pegged at of 51.4 million tonnes. FAO lowered its forecast for world trade in cereals in 2023/24 to 466 million tonnes, a 1.7 percent drop from the previous marketing season. Traded volumes of wheat and maize are all predicted to decline, due to a mix of reasons, including falling exports by Ukraine due to trade disruptions associated with the ongoing war. FAO has also lowered its forecast for world trade in rice from the July figure considering the stepped-up export restrictions by India. Although the duration of these restrictions and their extent of application are uncertain, if protracted and if El Niño induces production constraints in other Asian exporters, they could keep the predicted recovery in 2024 trade in rice modest, FAO said.
09.12.2023 |
|
 |
 |
|
 |
22:15 |
Donau Soja: Republic of Moldova increases soya harvest in 2023 and boosts market opportunities in the EU |
24.11.2023 |
|
 |
 |
|
 |
12:25 |
SUGAR MARKET BY SESVANDERHAVE |
 |
09:32 |
BASF signs CNY 40 billion syndicated bank term loan facility with maturity of 15 years for its Verbund site in Zhanjiang, China |
21.11.2023 |
|
 |
 |
|
 |
23:35 |
2023/24 European Union sugar production estimated up despite lower area in France |
 |
13:07 |
Inflation forecast to drop further and EU economy to show modest upturn |
20.11.2023 |
|
 |
 |
|
 |
14:10 |
BASF, The Estée Lauder Companies, RSPO and Solidaridad support Enhanced Sustainable Palm Oil Production in Lampung, Indonesia |
 |
11:27 |
Preserving antimicrobials for the well-being of humans, animals, plants and ecosystems |
 |
11:18 |
Dobrodiya Foods started the production of glute-free oat flakes under the WOWOATS brand |
09.11.2023 |
|
 |
 |
|
 |
20:43 |
Ukraine Grain Exports to Slide in 2023/24 Despite Recent Improvements |
07.11.2023 |
|
 |
 |
|
 |
18:55 |
Hidden costs of global agrifood systems worth at least $10 trillion |
03.11.2023 |
|
 |
 |
|
 |
20:13 |
As winter weather closes in on the Northern Hemisphere, the demand for limes changes accordingly |
02.11.2023 |
|
 |
 |
|
 |
11:21 |
Wärtsilä supports Denmark’s green energy future with opening of new biogas liquefaction plant |
13.10.2023 |
|
 |
 |
|
 |
21:35 |
Shmyhal speaks about progress in issue of confiscation of Russian assets abroad |
 |
21:27 |
Immediate action is needed to get Africa on track with global goals |
06.10.2023 |
|
 |
 |
|
 |
12:55 |
Global cereal production set to reach a record high in 2023, while trade could contract in 2023/24 |
18.09.2023 |
|
 |
 |
|
 |
13:55 |
Ukraine will sue Poland, Hungary and Slovakia over agricultural bans |
15.09.2023 |
|
 |
 |
|
 |
21:02 |
Following the expiry of the restrictive measures on Ukrainian exports of grain and other foodstuff to the EU, Ukraine agrees to introduce measures to avoid a renewed surge in EU imports |
13.09.2023 |
|
 |
 |
|
 |
17:54 |
Biodel AG Secures Series A Investment from Pangaea Ventures to Advance Novel Regenerative Agriculture Technologies |
 |
07:25 |
Rice Export Prices Highest in 15 Years as India Restricts Trade |
11.09.2023 |
|
 |
 |
|
 |
17:54 |
Export Bans, Black Sea Tensions, Affecting Food Markets - WTO Agriculture and Commodities Division |
09.09.2023 |
|
 |
 |
|
 |
18:36 |
Global cereal production forecast to match past record - FAO |
14.08.2023 |
|
 |
 |
|
 |
13:22 |
EBRD provides EUR60 million guarantee to support lending by Ukraine’s PrivatBank |
 |
13:18 |
Supporting small business in the west of Ukraine via Bank Lviv |
12.08.2023 |
|
 |
 |
|
 |
18:35 |
Russia Withdraws from Black Sea Grain Initiative |
04.08.2023 |
|
 |
 |
|
 |
19:32 |
Falling international maize and sugar prices partly offset notable jumps in wheat and vegetable oil quotations |
28.07.2023 |
|
 |
 |
|
 |
19:25 |
Cargill and partners announce first Gold Standard-approved methane emissions reduction methodology for beef producers |
 |
19:21 |
FAO welcomes European Union contribution of ˆ25 million to advance wildlife conservation and food security |
 |
18:55 |
BASF’s earnings in tough market environment significantly below strong prior-year quarter |
24.07.2023 |
|
 |
 |
|
 |
00:45 |
Brazil continues to make export gains and set new records for beef, pork, and chicken meat |
23.07.2023 |
|
 |
 |
|
 |
22:25 |
122 million more people pushed into hunger since 2019 due to multiple crises, reveals UN report |
22.07.2023 |
|
 |
 |
|
 |
08:17 |
U.S. dairy exports to Southeast Asia have been weak to start 2023 |
13.07.2023 |
|
 |
 |
|
 |
07:00 |
Russia Exports Record Wheat Volumes; Ukraine Exports Plummet |
08.07.2023 |
|
 |
 |
|
 |
09:00 |
FAO Food Price Index continued declining in June |
06.07.2023 |
|
 |
 |
|
 |
20:10 |
Global agricultural and food production are projected to continue to increase over the next ten years |
04.07.2023 |
|
 |
 |
|
 |
19:54 |
EBRD supports Ukrainian city of Dnipro with EUR25 million loan |
 |
09:03 |
Nibulon invests EUR 27 mln in construction of granary, flour mill in Izmail |
23.06.2023 |
|
 |
 |
|
 |
08:57 |
World coffee production for 2023/24 is forecast 4.3 million bags higher than the previous year to 174.3 million |
 |
08:55 |
Mexico’s Production Recovering from Coffee Leaf Rust |
22.06.2023 |
|
 |
 |
|
 |
04:05 |
EBRD and Ukraine government to mobilise ˆ600 million for Ukraine energy security |
21.06.2023 |
|
 |
 |
|
 |
20:26 |
EBRD and Ukraine government to mobilise EUR600 million for Ukraine energy security |
11.06.2023 |
|
 |
 |
|
 |
15:55 |
Argentina ramps up soybean imports from Paraguay and Brazil |
10.06.2023 |
|
 |
 |
|
 |
04:35 |
World Oceans Day must be Humans Day: FAO Fisheries chief |
09.06.2023 |
|
 |
 |
|
 |
11:24 |
EU extends trade benefits for Ukraine |
05.06.2023 |
|
 |
 |
|
 |
11:25 |
2023/24 Grain Production Exceeds Consumption |
02.06.2023 |
|
 |
 |
|
 |
11:45 |
Rebound seen for global cereal output, with worldwide stocks set to hit record levels |
 |
11:35 |
Significant drops in international quotations for wheat, maize, vegetable oils and cheese, while prices of rice, sugar and meat rise |
01.06.2023 |
|
 |
 |
|
 |
11:56 |
Conflict Drives Acute Hunger in the Democratic Republic of Congo - UN agencies warn |
31.05.2023 |
|
 |
 |
|
 |
12:29 |
Three New Foods and Their Applicable Food Safety Standards |
30.05.2023 |
|
 |
 |
|
 |
11:55 |
Haiti: Nearly half of the population is facing acute hunger |
 |
11:34 |
Increasing risk of hunger set to spread in hotspot areas as the Sudan crisis spills over into subregion and el Niño looms - warns new UN report |
Also available:

|