World grain consumption in 2017/18 MY will reach 2.59 billion tons

World cereal utilization is currently forecast to reach 2 591 million tonnes, 23 million tonnes (0.9 percent) higher than in 2016/17. This level represents an increase of 7.5 million tonnes from the forecast made in July, reflecting upward adjustments to overall consumption of wheat and maize.

This is reported by FAO. 

Wheat utilization in 2017/18 is now expected to approach the 2016/17 record level, as large global supplies stimulate food consumption, compensating for a forecast decline in the use of wheat for animal feed.

Total utilization of coarse grains in 2017/18 is projected to expand by 17.6 million tonnes (1.3 percent) year-on-year, mainly driven by a 15 million tonnes (2.6 percent) growth in the feed use of maize to an all-time high of 592 million tonnes.