The FAO increased its forecast of production and grain stocks in 2018/19 Mr

FAO Experts increased compared to the September report from the global grain production at 3 million tonnes to 2,591 billion tonnes, which is still 2.4% or 63 million tons will give the record of last year.

the Forecast of world wheat production remained practically unchanged at the level 722,4 million tonnes, which will be the lowest rate since 2013. The lower yields in Australia and Canada offsets the increase in production in Russia and Algeria.

the Estimate of world production of coarse grains increased by 2.2 million tons to 1,356 billion ton, which is 2.6% or 35.6 million tonnes will yield production in 2017. Adjustments, primarily due to a good maize yields in the United States, where he will collect the second largest crop in history.

the Forecast of world rice production increased by 1.2 million tons to 513 million tons, which is 1.3% higher than in the record harvest of 2017 the Increase in acreage in Asia and improved prospects for the harvest in the United States and Guinea will block caused by the moisture deficit of reduced production in Pakistan, Mali and the Philippines.

the Global consumption of grain in 2018/19 MG will reach 2,647 billion tons, which is 1.1% or 30 million tonnes will exceed the level of 2017/18 MG. The consumption of feed corn will increase in comparison with last season by 3.3% or 20 million tonnes to 62 million tonnes due to the reduction in the consumption of sorghum and barley.

the Forecast of the world grain trade has increased by 3 million tonnes to 417 million tons, which is 1% or 4.1 million tonnes will exceed the record level 2017/18 MG. The EU and Asia will significantly increase the import of corn, while the trade in wheat in comparison with last season will be reduced by 1.5%, rice – by 1.3% to 48 million tons.

the Estimate of world ending stocks of grain in 2019 increased by 1.3%, or 9.5 million tonnes to 751,3 million tonnes, which is 7% or 57 million tons is inferior to a record high level of the previous year. The stocks of wheat in comparison with last MG decrease by 6.4% or 18 million tonnes to 255,5 million tons due to reduced stocks in the EU at 7.5 million tonnes, Russia – 5.9 million MT, United States – 4.5 million t. the Estimation of stocks of coarse grains increased by 3.3 million tonnes to 320 million tonnes, which is by 12.1% or 44 million tonnes less than last year.

the Ratio of inventory and consumption of grain in 2018/19 MG decreased to the lowest since 2013/14 my level of 27.7%, which exceeds the historical minimum of 20% of the 2007/08 season. While the figure for wheat in 2018/19 MG decreased to 33.7% against 36.9% in 2017/18 MG.