The Food and Agriculture Organization of the United Nations (FAO) forecasts that in the 2024-2025 season the global cereal production will reach a record — 2,854 billion tons, up 0.5 percent from the previous season. FAO website says.
The bolstered outlook for coarse grains largely rests on better production expectations for maize harvests in Argentina, Brazil, Turkey and Ukraine.
World wheat production has also been revised upward, mainly based on better prospects in Asia, notably Pakistan, where a record wheat output is likely. Inclement weather in key wheat producing areas in the Russian Federation led to a sizeable cut to the production forecast, tempering the upturn in global prospects this month.
Global rice production is also forecast to reach a record high of 535.1 million tons.
