In addition, the updated rate of 1.3% over the previous season. This is stated in the message of the organization from 1 February.

"The improved rating was due to the expectation of good crops in Canada and Russia, as well as rice in China. Also expected to increase production of coarse grains, mainly due to the increase of corn production in China, Mexico and the EU", - explained in the message.

The experts also noted that the ratio of world cereal stocks to their consumption reaches its highest level in 16 years 27.7 per cent.

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