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Europe and Central Asia: Regional food market situation and policy bulletin in response to the COVID-19 pandemic












FAO. 2020. Europe and Central Asia: Regional food market situation and policy bulletin in response to the COVID-19 pandemic. No. 2. Rome. 



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    The production of the 2020 main season crops benefitted from expanded planting, which mostly offset yield losses due to floods and storms. Production prospects for the 2020/21 minor early season winter/spring crops, for harvest in June, are generally favourable. The 2020/21 aggregate food crop production is forecast at a near-average level of 5.6 million tonnes. Cereal import requirements in the 2020/21 marketing year (November/October) are estimated at about 1.1 million tonnes, close to the five-year average. With commercial imports officially planned at 205 000 tonnes, the uncovered food gap is estimated at about 860 000 tonnes, equivalent to approximately 2.3 months of food use.
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    World cereal production in 2007 is forecast to reach 2125 million tonnes, up 6 percent from the reduced level in 2006. It would exceed world cereal utilization in 2007/08 which is forecast to grow by 2 percent, to 2 114 million tonnes. As a result, world cereal stocks are likely to rise by 10 million tonnes to 413 million tonnes, still a very low level. World trade in cereals in 2007/08 is forecast at 247 million tonnes, down slightly from 2006/07. While the prospect of a strong recovery in glob al cereal production in 2007 is a positive development for the 2007/08 marketing season, total supplies in the new season would still be barely adequate to meet an anticipated rising demand, not only from the traditional food and feed sectors but in particular from the fast-growing biofuels industry. As a result, international prices for most cereals are likely to remain high and volatile again in 2007/08...

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