ROME [Italy], The Food and Agriculture Organization of the United Nations (FAO) has updated its forecast for global cereal production in 2024, now pegged at 2854 million tonnes, a new all-time high.
In a grain supply and demand brief released Friday by FAO, the outlook for improved maize crops in Argentina and Brazil, as well as in Turkey and Ukraine, is attributed to its increased projections, compared with Indonesia, Pakistan and several southern African countries. Will compensate for the decline in prospects for. , Wheat production forecasts have also been raised based on improved prospects in Asia, particularly Pakistan, which should outweigh the expected decline in the Russian Federation due to poor weather in key wheat-producing areas early in the season.
Global rice production is projected to reach a record 535.1 million tonnes.
Total world grain use is projected to increase to 2856 million tonnes in 2024/25, up 0.5 percent from the previous year, led by rice and coarse grains.
World grain stocks are projected to increase by 1.3 percent in 2025, leaving the global grain stocks-to-use ratio virtually unchanged at 30.8 percent in 2024/25.
FAO's forecast for international trade in total cereals is unchanged at 481 million tonnes, indicating a decline of 3.0 percent from 2023/24.
In a grain supply and demand brief released Friday by FAO, the outlook for improved maize crops in Argentina and Brazil, as well as in Turkey and Ukraine, is attributed to its increased projections, compared with Indonesia, Pakistan and several southern African countries. Will compensate for the decline in prospects for. , Wheat production forecasts have also been raised based on improved prospects in Asia, particularly Pakistan, which should outweigh the expected decline in the Russian Federation due to poor weather in key wheat-producing areas early in the season.
Global rice production is projected to reach a record 535.1 million tonnes.
Total world grain use is projected to increase to 2856 million tonnes in 2024/25, up 0.5 percent from the previous year, led by rice and coarse grains.
World grain stocks are projected to increase by 1.3 percent in 2025, leaving the global grain stocks-to-use ratio virtually unchanged at 30.8 percent in 2024/25.
FAO's forecast for international trade in total cereals is unchanged at 481 million tonnes, indicating a decline of 3.0 percent from 2023/24.
