1 year ago
On a date
4 Aug 16’
GRAIN OUTPUT AND CONSUMPTION PREDICTED TO BE AT NEAR RECORD LEVELS IN 2016-17
According to the latest update from the International Grains Council, world grain output in 2016/17 is expected to be the second highest ever at 2.046bn tonnes – just 1m tonnes below its record high two years ago. Rice and soybean are expected to reach new highs, and wheat and corn reach levels just below their peaks recorded last year. Global grains consumption are projected to surpass 2bn tonnes for only the second time, with food, feed and industrial demand all potentially at new all-time highs. Many forecasts are projecting a relatively poor French wheat harvest, both in terms of quality and quantity, due to poor weather in May and June: for example Mars, the European Union’s crop monitoring service has projected that the French harvest will be down 6.9% from last year, but still 0.5% up on the five-year average. Other forecasters have been more pessimistic.
Posted 1 year ago by admin