Amid generally well supplied cereal markets, early indications point to a near-record wheat production in 2020
Food and Agriculture Organization of the UN Released March 5, 2020 Global cereal markets in 2019/20 are expected to remain well supplied, comfortably covering the forecast growth in consumption. FAO’s 2019 world cereal production estimate is currently pegged at 2 719 million tonnes, almost 62 million tonnes (2.3 percent) above production in 2018 and 4.7 million tonnes higher than reported in February. The estimate of global production of coarse grains has been raised by 5 million tonnes to 1 444 million tonnes since the previous report in February, up by 2.4 percent from 2018. The latest revision incorporates recently released official …




