Latest estimates confirm a large increase in 2013 world cereal output; early prospects for 2014 wheat crop are mostly favourable. The benchmark United States wheat export price declined in November on generally favourable 2014 crop prospects. Prices of maize and rice also eased somewhat and were at levels well below those of a year earlier. Cereal imports of LIFDCs for 2013/14 are estimated to increase by some 4 percent, mainly...

The outlook for global cereal supply in the 2013/14 marketing season remains generally favourable despite downward adjustments to forecasts for world cereal production and closing stocks. Export prices of maize dropped further in September mainly reflecting the positive outlook for the 2013 global output. Wheat prices remained relatively stable, while those of rice declined from most origins. Aggregate cereal imports of LIFDCs during 2013/14 are estimated to increase by some...

World cereal production is forecast to increase by about 7 percent in 2013, helping to replenish global inventories and raise expectations for more stable markets in 2013/14. International prices of wheat declined slightly in June with the onset of the 2013 harvests in the Northern Hemisphere. By contrast, maize prices increased, supported by continued tight global supplies. Export prices of rice showed mixed trends. Cereal imports of LIFDCs for 2013/14 are...

FAO’s first forecast for world wheat production in 2013 stands at 690 million tonnes, about 28 million tonnes up from 2012 and the second largest crop on record. The increase is expected mostly in Europe, driven by an expansion in area in response to high prices, and in some countries due to an expected recovery in yields from last year’s below-average levels. The international cereal prices in recent months have...

Firmer production estimates for 2012 confirm tightening wheat and maize supplies while the outlook for rice remains positive. In spite of a contraction in overall cereal utilization in 2012/13, the world cereal stock-to-use ratio is projected to decline by 2 percentage points from the previous season. International prices of all major cereals, except rice, remain well above last year. For wheat and maize, while prices have stabilized in recent weeks,...

Latest indications confirm a decline in world cereal production in 2012 from the record in 2011. The decrease will result in a significant reduction in world inventories by the close of seasons in 2013, even with world demand sliding as a result of high prices. International cereal prices remained firm in September, with average wheat and rice quotations increasing slightly, but those of maize declining. Although the volume of aggregate...

The outlook for world cereal production in 2012 improved further in recent weeks largely on expectation of a much bigger maize crop in the United States. World cereal production is now forecast to increase by 3.2 percent to a new record. At 2 419 million tonnes, global cereal production would exceed the anticipated utilization in 2012/13 and lead to a significant replenishment of world stocks, which could keep international prices under...

FAO’s first forecast for world wheat production in 2012 stands at 690 million tonnes, 10 million tonnes less than last year’s record high, but still the second largest crop. Plantings remain high in response to favourable price prospects but yields are assumed to return to average after bumper levels last year in some countries. International prices of cereals firmed in recent weeks with tightening wheat supplies and concerns over the impact...

As the year draws to a close, FAO’s latest estimate confirms a record high global cereal production in 2011, which should be sufficient to cover the expected increase in utilization in 2011/12 and also allow a moderate replenishment of world reserves. International grain prices remained mostly under downward pressure in November, reflecting the confirmation of a strong recovery in production amid deteriorating world economic prospects and a stronger US dollar. Based...

Prospects for global cereal production in 2011 have improved since September, following better expectations for rice and wheat. At the expected record level of 2 310 million tonnes, world cereal production would be 3 percent, or 68 million tonnes, above the reduced 2010 level. In September, international prices of all cereals with the exception of rice fell sharply, triggered by global economic slowdown and the strengthening of the US dollar...