In 2018/19 MY the volume of cereal consumption in the world is expected at the level of 2.64 billion tons
According to the FAO forecast, the volume of cereal crops consumption in the world in the next MY will increase by 26.5 million tons, which in percentage terms is 1% to 2.64 billion tons.
Such information was taken from the FAO report.
In general, in the next MY an increase in cereal consumption for both feed and for industrial purposes is forecasted, which is due to the overall increase in demand for food products.
It should also be recalled that about one-third of all food products produced in the world are lost or damaged.