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Book (stand-alone)Crop Prospects and Food Situation - No. 2 June 2012 2012The outlook for world cereal production in 2012 improved further in recent weeks largely on expectation of a much bigger maize crop in the United States. World cereal production is now forecast to increase by 3.2 percent to a new record. At 2 419 million tonnes, global cereal production would exceed the anticipated utilization in 2012/13 and lead to a significant replenishment of world stocks, which could keep international prices under downward pressure. Wheat and coarse grains prices ea sed in May, mostly during the second half, driven by good supply prospects. Rice prices were supported by a temporary surge in import demand and large Government purchases in Thailand, the number one exporter of the commodity. Aggregate cereal imports of the 66 LIFDCs for 2012/13 are forecast to decrease slightly, mainly due to the generally favourable prospects for the 2012 domestic harvests. countries. In North Africa, early forecasts point to a sharp decline in cereal production in Morocco as a result of erratic and insufficient rains, while in the remaining countries of the subregion above-average harvests are expected...
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DocumentCrop Prospects and Food Situation - no. 4, december 2012 2012Firmer production estimates for 2012 confirm tightening wheat and maize supplies while the outlook for rice remains positive. In spite of a contraction in overall cereal utilization in 2012/13, the world cereal stock-to-use ratio is projected to decline by 2 percentage points from the previous season. International prices of all major cereals, except rice, remain well above last year. For wheat and maize, while prices have stabilized in recent weeks, unfavourable weather for 2013 crops in several important regions is a concern. Aggregate cereal production of LIFDCs in 2012 has been revised upwards following a recovery in Western Africa and increased output in the Far East. Consequently, reduced imports are expected in 2012/13...
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Book (stand-alone)Crop Prospects and Food Situation - No. 1, February 2008 2008Early prospects point to the possibility of a significant increase in world cereal production in 2008, mainly following expansion of winter grain plantings in Europe and the United States coupled with generally satisfactory weather conditions. International prices of most cereals remain high and some are still on the increase. Continuing strong demand and dwindling stocks are providing the backdrop to a prevailing tight global cereal supply and demand situation in the current 2007/08 marke ting season, keeping upward pressure on international markets. Cereal imports of the LIFDCs as a group in 2007/08 are forecast to decline by about 2 percent but as a result of soaring international cereal prices and freight rates, the cereal import bill is projected to rise by 35 percent for the second consecutive year. A higher increase is projected for Africa. Prices of basic food have increased in many countries across the world mostly affecting vulnerable populations...
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