Production of cereals in the world will be 2.64 billion tons
The world cereal production index in this MY will beat all records and amount to 2.64 billion tons, which exceeds the indicator of the past marketing year by 1.3%. Also, in comparison with the forecast for December 2017, this indicator increased by 13.500.000 t.
Such information was provided by the FAO.
In addition, the production of feed grain in the world, according to forecasts, will reach the level of 1.38 billion tons, which is 35.000.000 t or 2.6% more than in the previous marketing year
This forecast exceeds by 9.000.000 t the previous forecast. The reason for this was the excess of the forecasted yields in such countries as China, Romania and Mexico.
The report also says that the world wheat forecast also increased by 2.800.000 t. To break the record of last year, it is necessary to produce another 3.700.000 t this year.
Global grain production continues to show impressive growth, reaching a volume of 2.64 billion tons. This indicates the importance and demand for grain crops on a global scale. Farmers and investors receive ample opportunities to develop and strengthen their business. The achieved volumes of grain production ensure a stable supply of food and feed industry, as well as contribute to the development of the global trade market.This high production of cereals creates a favorable situation for producing countries, as well as increases competition between them.Analyze production data, develop strategies and make informed decisions to successfully operate in a dynamic and promising field grain production.