FAO predicts record grain consumption in 2018/19 Mr
a new report by FAO experts have lowered the forecast of world grain production in 2018 in comparison with the previous season by 1.5% to 2.61 billion tons, but increased the estimate of world consumption of 1.2% to 2.65 billion tons
World wheat production in 2018/19 MG will grow to 754,1 million tons, while wheat consumption will reach 743 million tonnes, 5 million tonnes will exceed the level of previous MG.
FAO Experts believe that the production of feed grains compared with the previous year reduced by 3.2% to 1,345 billion tons, while its total consumption in 2018/19 MG exceeds that of the previous season to 21 million tons and amount to 1.49 billion tons, which is 20 million tonnes more than the may forecast.
Global production of rice in comparison with last year will grow by 1.3% to a record 511,3 million tonnes, primarily due to higher yields in India.
the Forecast of world ending stocks in 2019 elevated compared with the may estimate by 5% to 772 million tons, mainly due to increased corn stocks in China. However, despite the monthly increase, world grain reserves compared with the level at the beginning of the season will be reduced by 5.4%.
a New report indicates a relatively high correlation between the level of world grain stocks to consumption at the level of 28.5%, slightly less than in season 2017/18.