FAO has lowered the forecast of world grain production by 1.4%

In the June balance sheet, the FAO forecast of world grain production is reduced with up to 2,722 2,685 billion tons, which is 1.2% higher than the figure recorded last year.

Significantly reduced global production of maize, primarily through prolonged precipitation in the United States, which resulted in the assessment of the grain harvest in the country decreased by 45 million tonnes to 330 million tonnes, which is 10% lower than the level of last year. Sowing rate became the lowest in history, so as at 26 may corn in the U.S. was planted only 58% of the planned areas compared with 90% in average of 5 years.

at the same time forecasts of world production of wheat and barley increased by 5.3% and 5.8% respectively. Rice yield remains at a record level last year since the expansion of sowing areas in Asia will be offset by reductions due to adverse weather in other regions.

compared to the may report forecast of consumption of grain in 2019/20 Mr reduced by 0.6% or 15.5 million tonnes, to 2,707 million tons, which is 1% or 26 million tonnes will exceed the forecast for 2018/19 Mr. The estimated consumption of coarse grains decreased by 0.9% to 1434 million tons, down 0.7% over 2018/19 Mr. The forecast of world consumption of wheat increased by 1.25-up to 755 million tonnes of rice left at the level of 518 million tons, which is 1.4% higher than the level 2018/19 Mr.

Assessment of the world's reserves have reduced by 2% or 18 million tonnes to the lowest in 4 years the level of 830 million tons, which is 35 or 26 million tonnes lower than in the previous season. Significantly reduced supplies of maize, while stocks of rice and wheat will increase slightly. As a result, the ratio of grain stocks to their consumption will decrease to 30%.

stocks of feed grains in 2019/20 MG will decrease by 9% to the lowest since 2014/15 level of 369 million tonnes in comparison with last year wheat stocks will grow by 4.6% to a record 281 million tons of rice will decrease by 0.9% to 179 million tons.

the Forecast of the world grain trade in 2019/20 Mr increased compared to may by 0.3%, or 1.2 million tons to 414 million tonnes, which is 1.4% or 6 million tonnes will exceed the value of the 2018/19 season. Most will increase the volume of trade in wheat (3.3%) and rice, while sales of feed grains, particularly corn, will yield the level 2018/19 MG due to the reduction of U.S. exports and imports in the EU.