IGC expects 40-million-tonne drop in global grain production
Total grains production is expected to fall by 40 million tonnes to 2.251 billion in 2022-23, reflecting smaller wheat, maize (corn) and sorghum harvests, the International Grains Council (IGC) said as it convened its 56th IGC Council Session on June 6
World trade is anticipated to drop 3% to 404 million tonnes, reflecting an anticipated drop in corn and barley volumes. Global soybean production, however, is expected to rebound, increasing 11% year-over-year to a peak of 378 million tonnes. Traded volumes are expected to increase 8% on larger deliveries to Asian markets in particular, the IGC said. Tied to gains in Asia, world rice output was seen expanding by 1%, to a fresh high. World pulses import demand was forecast to contract by 2% in 2022 as bigger shipments to Far East Asia were expected to be outweighed by smaller deliveries elsewhere, including to the EU, Africa and the Americas. The Council agreed to a new program of work for 2022-23, noting that the Secretariat would continue to concentrate on its core economic activities in relation to grains market challenges. Projects for the forthcoming year would include: Exploring a baseline scenario for biofuels production for the next five years; Developing special webinars on sustainability and trade for specific sectors (grains, rice, oilseeds and pulses); Extending its work on pulses market information, including the development of supply and demand balances for dry and broad beans, as well as providing a wider range of FOB price information; and Developing analysis of world sunflower seed supply and demand, as well as the monitoring of sunflower product markets. The 31st IGC Grains Conference, “Building resilience to global market vulnerabilities,” was held in person and virtually on June 7-8 and Comprised 13 live Q&A sessions.
تاریخ: يکشنبه ٢٩ خرداد ١٤٠١ ساعت: ١١:٠٧
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