FAO’s first forecasts for cereals in 2016/17 point to large supplies, lackluster trade and subdued markets

8594959732_2c7419805e_o.jpg

Early indications suggest a generally comfortable balance between global supply and demand of cereals in the new marketing season (2016/17), the U.N Food Agency said in its latest report. FAO puts its first forecast for world cereal production in 2016 at around 2,521million tonnes, which although falling short of last year’s level by 0.2 percent (4 million […]

Read more

FAO lowers global cereal production forecast, says inventories remain large

The UN food agency said it had slightly trimmed its forecast for world cereal production in 2015 to 2.527 billion tonnes, or 1.3 percent below the previous year’s record, mainly due to a lower forecast for maize production in China. The Food and Agriculture Organization’s (FAO) Cereal Supply and Demand Brief said global cereal utilisation was projected to […]

Read more