FAO reduced the forecast production of coarse grains

In the July report, FAO of the UN left the estimate for world grain production in 2019 at the level of 2,685 billion tons, which corresponds to the forecast of June and by 1.2% higher compared to the 2018.

In comparison with last year wheat production will grow by 5.6% to 771 million tons, primarily due to India, which can be used to record yield and total yield.

Global production of coarse grains will be reduced to 1,398 billion tons, as the increase of the barley crop does not compensate for the decline in maize production, which primarily concerns the US, where long-term rainfall delayed sowing and lowered yield. It is expected that China and African countries will reduce the production of corn, while Argentina will increase.

the Estimate of world production of rice left at the level of 516 million tons, which corresponds to the forecast of June the previous year. The reduction of the yield in China, Brazil and the United States compensates for its increase in India and Thailand.

Assessment of the global consumption of grain in 2019/20 Mr increased to 2.708 billion tons, which is 1% higher than the level 2018/19 Mr. Consumption of wheat will increase in comparison with the previous season by 1.5% to 758 million tonnes, and most of all – consumption of food grains. Consumption of rice will grow by 1.4% to 518 million tonnes, and most of Asia and Africa. Forecast of consumption of feed grains compared with the previous year decreased by 0.6% due to a reduction in the consumption of maize in Brazil and Mexico.

the Forecast of world ending stocks of grain in 2020 reduced in comparison with the June report to 828 million tonnes, which is 3.2 percent or 27 million tonnes to yield to the measure start of the season. Stocks of feed grain in 2019/20 MG will be reduced by 9.1% to 371 million tons, including corn – 12.4% or 44 million tonnes to 311 million tons, mostly in the United States and China. World wheat stocks will grow by 4.5% or 12 million tonnes by Russia, China and the EU, and rice will be reduced by 1.1% to 179 million tons, thanks to the US and the Philippines.

the Relationship of grain reserves to consumption in season 2019/20 will be 29.6%, including feed grains is 24.7%, which will be the lowest in 6 years old level.