IGC forecasts growth of grain production in 2018/19 Mr
According to the forecast of experts of the IGC, in 2018/19 MG increase in demand for grain and lower yields will reduce world reserves to a minimum of 4 seasons.
In the may report IGC estimate the world production of grain in the 2018/19 season has increased by 1 million tonnes to 2,089 billion tons, which is 2 million tonnes lower than in season 2017/18.
the Forecast of the world grain trade increased 1 million tons to 369 million tonnes, 5 million tonnes will exceed the end of the season 2017/18.
the Global consumption of grain in comparison with the April report would be reduced by 3 million tonnes to 2,136 billion tonnes, 28 million tonnes will exceed the level of the current season.
the estimate for world ending stocks in 2018/19 Mr reduced by 4 million tons to 556 million tonnes, 46 million tonnes lower than in the current season.
the World grain production in 2018-19 will be reduced, although the reduction in wheat production will be partially offset by an increase in the production of corn, barley and sorghum.
However, due to the increase in ending grain stocks of the 2018/19 season will be reduced to a minimum of 4 years. The stock assessment experts of the IGC reduced by 47 million tons to 556 million tons, with most (43 million tonnes) of corn stocks will be reduced – to 257 million tons.
the Restoration of soybean production in Argentina after a drought and the increase in acreage in South America will increase the global production of soya beans 6%, or 20 million tonnes to 4-year high of 356 million tons and the trade volume of up to 156 million tonnes, 11 million tonnes higher than the figure recorded the previous year.
a Significant amount of trade will be driven by growing demand for Visakhapatnam and vegetable oil from countries in Asia that would allow Brazil and the United States to increase exports.