World grain reserves will increase by 36 million tons
World grain reserves in the current MY will increase by 36 million tons, or as a percentage by 5%. At the beginning of the current MY the amount of reserves was 739 million tons.
Such information was provided by the FAO.
Consequently, the ratio between the amount of grain reserves and their consumption level will be 27.7%, which is slightly higher than the figure for the previous marketing year and almost equal to the record level of 2001/02 MY.
The report also says that the amount of reserves in accordance with the FAO forecast has changed insignificantly. Thus, during this period, corn reserves are expected to increase by 3 million tons in Brazil and China, as well as decrease in barley stocks is expected in Azerbaijan and Russia. In addition, the amount of corn reserves can beat all records and amount to 248 million tons, which exceeds by 12.5 million tons this indicator at the beginning of this year. Also, the amount of barley may decrease by 1 million tons and amount to 26.4 million tons.
It should be recalled that for the first half of the current MY, Ukraine exported 89.2 thousand tons of wheat to Malaysia, which exceeds the indicator of the past MY by more than 2 times.
Global cereal stocks continue to increase, exceeding record levels and creating new challenges and opportunities for agricultural markets. Growing demand for food and feed, as well as improving yields in many countries, are driving an increase in cereal stocks. This trend is affecting the global economy, shaping prices and provides new opportunities for traders and agricultural producers. It is important to analyze growth drivers, predict market changes and make informed decisions to successfully participate in the global grain trade. Explore the trends and developments of the grain market in order to stay ahead of the competition and adapt to changing conditions.