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The world grain market is falling
FAO forecasts that world cereal production this year will amount to 2587 million tonnes (-2,4% by 2017). It is expected to the lowest in 3 years the grain yield.
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Wheat production fell to 722 million tons in the last year was 14 million more. Such low levels not seen since 2013. The reason for that is the drought and heat in Europe.

The global volume of coarse grains for the year can be 1354 million tonnes (-2,6%). In Russia and the European Union indicators decrease, but grow in China, USA and Ukraine, if we talk about corn.

In Vietnam and Bangladesh restored the production of rice. In this endeavor, and the States from Sri Lanka. So the production of rice in the world will grow by 1.3%, say FAO.

Forecasts of experts the following. The ratio of cereal stocks to consumption drops, especially in China, the EU and Russia. World cereal stocks will fall to 27.3 per cent – the first decline in five years. World trade in cereals in the 2018-2019 season will be at 414 million tonnes (-1.5 per cent).

Source: http://sfera.fm/news

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