Global corn production 2020/21 to surpass the previous record
In spite of uncertainties posed by the pandemic, FAO’s first forecasts for the 2020/21 season point to a comfortable cereal supply and demand situation.
Early prospects point to global cereal production in 2020 surpassing the previous year’s record by 2.6%.
Based on conditions of crops already in the ground, planting expectations for those still to be sown, and assuming normal weather for the remainder of the season, world cereal output is forecast at 2 780 mln t (including rice in milled equivalent), nearly 70 mln t higher than in 2019, setting a new record high.
"Maize would account for the bulk of the predicted increase, with an expected expansion of 64.5 mln t to a record level of 1 207 mln t, boosted by record harvests in the United States of America (USA), Canada and Ukraine, and near-record harvests in Brazil and Argentina," the report reads.
Precipitation in the main producing regions of the Black Sea countries has raised concerns about the new crop supply of wheat in July, the first month of the 2020/21 marketing year.