FAO: Global grain production will fall in 2022 for the first time in four years
According to the Food and Agriculture Organization of the United Nations (FAO), global cereal production is expected to fall by 0.8%
THE Global grain production expected to fall in 2022 for the first time in four years and prices could rise on supply concerns, according to the Food and Agriculture Organization of the United Nations (FAO). Production is expected to be 2.78 billion tonnes this year, down 16 million tonnes from the record set in 2021. Corn, wheat and rice are likely to be the crops that will see the most reductions, the organization said.
Wheat production is in focus, as the war in Ukraine and the ban on exports in India make trade difficult. THE global cereal production is expected to fall 0.8%to 771 million tonnes in 2022, with production declines in Australia, India, Morocco and Ukraine outpacing expected increases in Canada, Iran and Russia.
Animal feed grain production is expected to drop 0.6% to 1.51 billion tonnes this year, led by a 1.6% drop in corn production, the result of a smaller US harvest and lower production. caused by the war in Ukraine.
While global consumption of food grains is expected to increase, overall demand is expected to drop 0.1% to 2.79 billion tonnes as animal feed utilization declines. Source: Dow Jones Newswires.