World cereal production will remain at the 2,819 million tons planned for the 2023-2024 season – after an increase announced last October -, reported the Organization of the United Nations Food and Agriculture Organization (FAO).
This forecast represents a progress of 0.9% (26 million tons) compared to the previous 2022-2023 season, led by the coarse grains block.
In the case of the global wheat productionthe levels for the 2023-2024 season will reach 785.1 million tons, 2.2% (18 million tons) less than the performance achieved in the previous period.
Mill producers in the European Union and Kazakhstan face adverse atmospheric conditions that have caused unfavorable campaigns, which have been relatively compensated by better wheat projections in the United States and Iraq.
According to the cereal production secondary, FAO reports that in the 2023-2024 campaign, the forecast of 1,510 million tons will be maintained compared to the previous month. However, it means an increase of 2.7% (38.8 million tons) compared to the previous year.
Finally, the global rice production For this season it is around 523.9 million tons, a progress of 0.8% compared to the previous year’s estimate and 850,000 tons more than expected in the October report.
Source: Larepublica
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