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0.
5% due to the Black Sea conflict affecting cereal production
.
The IGC expects global corn production to fall by 13 million tons year-on-year next year, sorghum production by 2 million tons, and wheat production by 1 million tons
.
However, barley and oat production is expected to increase
.
The IGC cautioned that Black Sea production figures may be adjusted, given the Russian-Ukrainian conflict and uncertainties in production in the region
.
.
However, barley and oat production is expected to increase
.
The IGC cautioned that Black Sea production figures may be adjusted, given the Russian-Ukrainian conflict and uncertainties in production in the region
.
The IGC expects global cereal consumption to hit a record 2.
302 billion tonnes in 2022/23, although feed and food use will increase below average due to high prices and the resulting rationing of demand
.
Cereal consumption in 2021/22 is forecast at 2.
281 billion tonnes
.
302 billion tonnes in 2022/23, although feed and food use will increase below average due to high prices and the resulting rationing of demand
.
Cereal consumption in 2021/22 is forecast at 2.
281 billion tonnes
.
The IGC expects global corn production in 2022/23 to fall by nearly 1.
1% to 1.
197 billion tons and consumption to increase by 1.
4% to 1.
218 billion tons, resulting in a 7.
3% decrease in ending stocks to 265 million tons
.
1% to 1.
197 billion tons and consumption to increase by 1.
4% to 1.
218 billion tons, resulting in a 7.
3% decrease in ending stocks to 265 million tons
.
Global wheat consumption in 2022/23 is set to increase by 0.
9% to 785 million tons, while ending stocks are likely to decrease by 1.
8% to 277 million tons
.
9% to 785 million tons, while ending stocks are likely to decrease by 1.
8% to 277 million tons
.
The IGC expects global soybean production to increase by 9.
7% to 383 million tonnes in 2022/23
.
Consumption would rise 3.
6% to 373 million tons, while ending stocks would fall 7.
3% to 265 million tons
.
7% to 383 million tonnes in 2022/23
.
Consumption would rise 3.
6% to 373 million tons, while ending stocks would fall 7.
3% to 265 million tons
.
Cereal production raised for 2021/22
In this monthly report, the IGC raised its forecast for global cereal production in 2021/22, mainly because of a bumper corn harvest in Brazil
.
The IGC expects global cereal production in 2021/22 to reach 2.
287 billion tonnes, up 3 percent from a year earlier and also 3 million tonnes above the March forecast
.
Grain ending stocks are likely to rise by 7 million tons to 608 million, partly due to the disruption of Ukrainian exports due to the conflict between Russia and Ukraine
.
.
The IGC expects global cereal production in 2021/22 to reach 2.
287 billion tonnes, up 3 percent from a year earlier and also 3 million tonnes above the March forecast
.
Grain ending stocks are likely to rise by 7 million tons to 608 million, partly due to the disruption of Ukrainian exports due to the conflict between Russia and Ukraine
.
