Global grain trade expected to decline

The FAO has published a new edition of the ZusaSummary of grain supply and grain demand presented. Experts believe that global trade in Grains in the 2021-2022 season (July/June) will decrease by 1,2% compared to the previous year's level, World of NAN reports, citing the FAO.

Trading with Corn and other forage grains is expected to decline during the rice trade by 3,8% and wheat could rise by 1,0% on higher exports from the Russian Federation to Egypt, the Islamic Republic of Iran and Turkey.

Given that the harvest of almost all grains has already been completed, the FAO expects global grain production to reach 2021 million tons in 2.799, an increase of 0,8% compared to the 2019-2020 season.

According to forecasts, world grain consumption in the 2021-2022 season compared to last year will increase by 0,9% and amount to 2 785 million tons.

The FAO estimates the level of world grain stocks at the end of the 2022 season at 856 million tons, which is 2,8% higher than the level at the beginning of the season and is mainly due to the suspension of exports from Ukraine. If this forecast by the FAO is confirmed, the ratio of world grain stocks to consumption will be 29,7%, "overall at a fairly comfortable level".

The FAO continues to expect global wheat production to reach 2022 million tonnes in 782. This forecast was made taking into account the expected 20% reduction in acreage in Ukraine as well as the drought-related decline in Morocco.

In terms of feed grain, a bumper harvest of 2022 million tonnes is expected in Brazil in 116, with weather conditions likely to affect corn production in Argentina and South Africa. According to preliminary data, the acreage under corn in the USA down 4% due to concerns about the high cost of fertilizers and other inputs.

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