Global grain production forecast in 2017/18 increased 2 MT

Harvesting of the 2017 grain crops is mostly complete and FAO estimates global grain production at 2 642 million tons, 2 million tons (less than 1%) higher than the previous month’s forecast.

"The bulk of the monthly change concerns coarse grains, with upward revisions made to production estimates in Australia, as well as several countries in East and West Africa," the message says.

FAO’s first forecast for global wheat production in 2018 stands at 744 million tons, indicating a second successive decline, but the global output is still expected to remain above average.

Most of the projected decline stems from forecast reductions in the EU and the Russian Federation, reflecting anticipated fall in yields from the highs of 2017. A likely recovery in Australia’s output is foreseen to prevent a larger production decrease at the global level.

Reference: it is expected that Ukraine increases the production and export of coarse barley and corn in 2018/19.

To learn more about agribusiness in Ukraine, follow us on Facebook, on our channel in Telegram, and subscribe to our newsletter.

Completed withDisqus