IGC increased the forecast of world grain production by 8 million tonnes

the international Grain Happy again increased the forecast of world grain production in the current season.

compared to the April forecast evaluation of grain yield in the world in the current season increased by 8 million tonnes to 2120 million tonnes, which is 8% higher than those of 2015/16.

Despite a record consumption of grain (2087 million tonnes) world stocks for the fourth consecutive year will increase and will amount to 513 million tonnes.

the Volume of world trade by 3 million tons higher than the figure recorded last season and will reach a historical record of 349 million tonnes.

the Forecast of grain harvest in the next season has not changed and is 2053 million tons of production cuts to compensate for large transient stocks.

Estimate of world corn consumption increased by 7 million tons to 2,086 million tonnes, because experts believe that grain processing food, forage and technical purposes will be no less active than in the current season.

This will lead to a reduction of ending stocks to 479 million t. the Ratio of stocks to consumption will be reduced to 23%, which is 2% less compared to the current season.

World grain trade will remain highly dynamic at the level of 346 million tons, which will be the second most important figure in the history.