FAO increased its forecast for global grain production in 2018/19 Mr
Experts FAO increased compared to the previous forecast estimate of world grain production in 2018/19 Mr from 2.59 to 2.66 billion tonnes, which is lower than in the previous season – 2.68 billion T.
in Particular, for wheat the forecast of world production increased from 725,1 to 728,4 mln t, and ending stocks increased by 2.4 million tonnes, to 266.9 m million tons due to reduced trade volume to 171,8 million T.
forecast production of coarse grains increased by 11.7 million tons to 1.36 billion tons, the estimated consumption by 4.7 million tonnes to 5-year high of 1.4 billion tonnes due to active consumption of forage crops China, Mexico and the United States.
the Forecast of ending stocks of feed grains in the 2018/19 season has increased in comparison with the previous report 320,8 to 327,8 million tonnes, including a reduction in the assessment of trade fodder by 0.4 million tonnes to 196,4 million tons.