World: Grain trade in the world will become a record

During the current marketing year, the volume of grain trade is forecast at 406.6 million tons, which is 0.2% or 0.9 million tons higher than the record figure of the past year.

Such information was provided by FAO.

The wheat trade is forecast at the level of 173.8 million tons. Such a high forecast became possible due to a preservation of the stability of import demand in almost all regions. Also, it should be noted that by increasing exports from the Russian Federation, it’s been possible to make up the decrease in supply from other leading exporting countries of this crop.

Also, according to forecasts of analysts, trade of fodder grain can break all records and reach a level of 185.8 million tons, which will exceed the figure of the past season by 2.6%. Also, the forecasts for maize trade are 145.5 million tons. This figure was achieved due to increased imports to the EU, Turkey and the Asian countries.

It should be recalled that the world’s grain production is estimated at 2.646 billion tons, which is 33 million more than the previous forecast.

The achievement of record levels in international grain trade is projected. This is due to the increasing demand for grain in the food and feed industries, as well as the growing need for exports. The article examines the factors influencing the growth of grain trade volumes, including changes in global markets, trade agreements, and climatic conditions. Explore the role of grain trade in the global economy and its impact on agriculture and food security. Learn about the benefits and challenges facing participants in this dynamic industry and understand its importance for market stability and country development.