Global coarse grain production seen 1.5 mln tonnes higher in 2021/22

Global coarse grain production for 2021/22 is forecast 1.5 million tons higher to 1,498.9 million, the USDA said in its latest forecast, adding that this month’s foreign coarse grain outlook is for larger production, lower trade, and greater ending stocks relative to last month.

“Foreign corn production is forecast modestly higher with increases for India and Russia that are partly offset by declines for Argentina and South Africa,” it added.

According to the USDA’s report on world agriculture supplies and demand estimates, India’s corn production is higher with increases to both area and yield while Argentina corn production is lowered as higher indicated area is more than offset by a reduction in yield.

“South Africa corn production is down reflecting lower yield prospects. Corn exports are raised for the United States and India but reduced for Ukraine,” the report said.

Imports are lowered for Egypt, Algeria, Turkey, Israel, India, and Bangladesh. Barley exports are raised for Australia and Canada but reduced for Ukraine, it said, adding that foreign corn ending stocks are higher, mostly reflecting increases for Ukraine, India, and Russia that are partly offset by reductions for Argentina, South Africa, and Bangladesh.

Global corn ending stocks, at 301.0 million tons, are down 1.3 million from last month, the report said.

Leave a Reply

Your email address will not be published.