Global Cereal Production To Touch All-Time High Of 2,854 Million Tonnes This Year

Daily Current Affairs / Global Cereal Production To Touch All-Time High Of 2,854 Million Tonnes This Year

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Category : Miscellaneous Published on: July 09 2024

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FAO forecasts global cereal production in 2024 to reach a new all-time high of 2854 million tonnes, driven by improved maize harvests in Argentina, Brazil, Turkiye, and Ukraine.
Total cereal utilization for 2024/25 is expected to increase to 2856 million tonnes, with significant contributions from rice and coarse grains.
World cereal stocks are projected to grow by 1.3% in 2025, maintaining a nearly unchanged global stocks-to-use ratio of 30.8% for 2024/25, despite a 3.0% decline in international cereal trade.