World: World production of cereals will amount to 2.1 BT

Analysts again increased forecasts for the production of cereals in the world. An increase in world production of cereals amounted to 21.000.000 t. Thus, the current forecast is 2.1 BT of grain. Earlier this indicator was at the level of 2.079 BT.

Such information was provided by the International Grains Council.

The report also says that the production of cereals in the world in the current marketing year is 40.000.000 t less than the indicator of the previous marketing year.

Consequently, 360.000.000 t of grain will be supplied to international market, which exceeds the similar indicator of the last marketing year by 7.000.000 t.

It should be recalled that during the first half of the current marketing year, 22.400.000 t of grain were exported from Ukraine, which is 2.590.000 t less than in the previous year.

World cereal production continues to grow, and according to the latest data, it is more than 2.1 billion tons. The leaders in terms of grain production are the United States and China. These countries are also leading exporters of grains to the world market.

Many countries have experienced adverse weather conditions that have led to a decrease in cereal production in some regions of the world. However, despite this, world cereal production continues to grow due to the growth of production in other regions.

An important factor affecting world cereal production is changes in the global economy and consumer demand for cereals. Now there is an increase in demand for cereals due to population growth and economic development in various countries of the world.

It should be noted that the world production of cereals is important for the world economy and food security. At the same time, changes in grain production can lead to fluctuations in grain prices on the world market and have a significant impact on the economies of various countries.