Cereal production prospects improve slightly

04.05.2017

• FAO’s outlook for world cereal production in 2017 has been raised marginally (0.1 percent) since April, continuing to suggest a 0.4 percent decline in global production from the 2016 record high.

• This month’s upturn mostly results from expectations of a larger global maize output, now put at 1 054 million tonnes, some 3.3 million tonnes (0.3 percent) higher than in April. An upward revision to Brazil’s production forecast, driven by higher than previously anticipated yields, accounts for most of the adjustment.

• Wheat production in 2017 is set to fall some 20 million tonnes (2.6 percent) short of the 2016 record to reach 740 million tonnes, nearly unchanged from last month’s expectations. The lower year-on-year production estimate reflects smaller crops in Australia, Canada, the Russian Federation and the United States, which more than outweigh the expansions in the EU, India and Morocco.

• Rice production in 2017 is pegged at 504 million tonnes, up 0.9 percent from the 2016 record and only marginally below April’s forecast. Deteriorating prospects in Bangladesh due to floods were partly compensated by upward revisions to crops in Argentina and Cambodia.


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