IGC expects a record grain harvest in 2020/21 MG

2020-03-27 12:04:12
Machine translation
IGC expects a record grain harvest in 2020/21 MG

IGC Experts predict that in 2020/21 MG the world grain production will increase compared to the previous season by 2% to a record of 2.22 billion tons, But the forecast remains the same until the situation with the pandemic Covid-19 does not become clearer.

 

quarantine Due to logistical constraints may prevent the timely delivery of seeds, fertilizers, and carrying out of spring field works. Now, however, the IGC suggests that the sowing campaign goes according to plan.

 

Despite record production ending stocks of grain will also decrease because consumption will increase in comparison with the previous season, from 2.19 to 2.23 billion tons

 

On certain goods, including rice, wheat and products made from them, are now seeing increased demand. But the economic downturn could in the long term lead to a reduction in production, especially industrial commodities, such as ethanol or corn starch.

 

it is Expected that in comparison with the previous season, global corn production will increase from 1.12 to 1.16 billion tons, but will still concede consumption, which will be 1.17 billion tons

 

the World's wheat production will increase from 763 to 768 million tonnes, which exceeds the consumption, which is estimated at 760 million tons of wheat Residues will be record high due to their growth in India and China.

 

Due to the increase in acreage in the United States, world production of soybeans will increase from 341 to 366 million tons of Reserves of soybeans though will increase but will remain limited due to low initial stocks and the increase in demand.

 

Global production of rice in 2020/21 MG will increase in comparison with the previous season, with 499 to 509 million tons due to increased acreage of main producing countries. Supplies in key exporters, including China, will also grow.

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