Crop Prospects and Food Situation - #5, October 2007

Year of publication2007

AuthorFAO

PublisherFAO

AbstractThe global cereal supply and demand situation has continued to tighten in recent months, reflecting the deterioration of prospects for the 2007 world cereal production, which nevertheless is still expected to reach a record high. However, on current indications, this year’s harvest would only just meet the expected level of utilization in 2007/08, thus precluding a replenishment of cereal stocks, which are anticipated to remain at very low levels. International prices of wheat have increased sharply since June hitting record highs in September, in response to tightening world supplies, historically low levels of stocks and sustained demand. Maize quotations are also well above their levels of a year earlier despite the bumper crop materializing this year, mainly reflecting fast-growing demand from the biofuel industry.

 

Product typeBook (stand-alone)

SeriesCrop Prospects and Food Situation

RegionGlobal

ISSN2707-2231

Areas of workGlobal Information and Early Warning System

KeywordsFood crops; crop monitoring; crop production; food supply; food security; conflicts; pandemics; early warning systems