FAO increased the forecast of grain production in 2017/18 MG
Experts FAO increased compared to the December report, the forecast of world grain production in the season 2017/18 13.5 million tonnes to a record high of 2.64 billion tons, which is 1.3% higher than the previous MG.
Assessment of production increased due to the good prospects for wheat crops in Canada and Russia, as well as rice in China. It is also expected increased production of feed grains, particularly maize in China, Mexico and EU countries.
Experts say that the ratio of world stocks of grains and their consumption reaches the highest during the last 16 years the level of 27.7%.
the Intensification of harvest in South America to the increase in the forecast of grain production will help reduce prices for grains in early spring.