FAO expects record world production and stocks of grain in 2020/21 MG

FAO Experts increased compared to the June estimates of the forecast of world grain production in 2020, 9.3 million tonnes to 2790 million tonnes, 3 percent, or 81.3 million tons will exceed the record figure 2019

compared to the previous forecast estimate of world wheat production increased by 3,2 million tonnes to 761,5 million tonnes, which would match last year's level. The increase in forecast production for Australia 5.5 million tonnes, India-2.2 million tonnes and Russia at 2 mln t compensates for the reduction in the EU, 5.5 million tonnes and the UK at 1.5 million tons.

the Estimate of world production of feed grain in 2020 increased compared to the previous month by 5.7 million tonnes to 1519 million tonnes, which is 5% or 73 million tonnes will exceed the level of 2019 will Significantly increase the production of barley in Australia, Turkey and the EU, to a lesser extent, maize production in the EU and Brazil, which this year can update the record harvest.

the Forecast of world rice production increased by 400 thousand MT to 509,2 million tonnes, which is 1.7% higher than the figure 2019 Improved weather conditions will lead to increased harvest in South America to record levels.

the global consumption of grain in 2020/21 MG increased to 2735 million tonnes, which is 1.6% or 43 million tonnes higher than the figure recorded 2019/20 Mr. Adjustment relates to the increase in the forecast of consumption of coarse grains at 3 million tonnes in Total use of feed grains from feed and industrial purpose in 2020/21 MG will increase in comparison with the previous season, by 2.7% or 38 million tons to a record 1471 million tonnes, Almost 40% of the increase or 14.4 million t will provide the United States and more than 20% or 9 million tonnes in China.

the Global consumption of rice compared to 2019/20 MG will increase 1.6% to a record 510,4 million tons and wheat will decrease by 0.4 percent due to reduced industrial consumption and replacing it with other grains in the feed production.

the Forecast of world ending stocks of grain in 2020/21 MG increased by 2 million tonnes to 929 million tons, which is 6% or 52.3 million tons exceeds that of Mr 2019/20. The ratio of inventory and consumption of grain will reach 20-year high of 33%. Due to the increased offerings of wheat, due to improved forecasts of production in some countries, stocks increased to 284 million tonnes, which is 3.2% or 9 million tons exceeds the level of the beginning of the season, though, and will give the record 2017/18 MG. In China, the reserves will rise by 11 million tonnes to 138 million tonnes, which compensates the reduction in the US and the EU. Stocks of feed grain compared to last season, will grow by 45 million tonnes, or 10.8%, while stocks of rice will decline by 0.7% to 182,2 million tons.

the Volume of world grain trade compared to 2019/20 MG will increase by 2.1% or 9 million tons to a record 435 million tons, including grain – by 2.4% due to the increased demand for sorghum from China, wheat – 1% or 1.5 million tonnes to 178,7 million tonnes, rice by 6% to 47.6 million tonnes, which will be a 3-year maximum.