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Book (stand-alone)Crop Prospects and Food Situation - No.3 July 2008 2008World cereal production in 2008 is forecast to increase 2.8 percent to a record 2 180 million tonnes. Most of the increase is in wheat following significant expansion in plantings in all regions. Coarse grains output is expected around the bumper level of last year but lower than earlier anticipated due to severe floods in the United States, the world¡¯s largest producer and exporter. Rice is tentatively forecast to increase slightly from last year¡¯s good level. Despite the anticipated inc rease in world output, cereal markets will remain tight in 2008/09. Total cereal supply (carry-in stocks plus production) will barely exceed the anticipated utilization and the world cereal reserves will recover only marginally from the current estimated 30-year low.
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Book (stand-alone)Crop Prospects and Food Situation - No. 2 July 2006 2006The world cereal balance will tighten in 2006/07: the latest forecast for cereal production in 2006 continues to show a slight decrease in global output while utilization is expected to grow significantly. With a recovery in feed use and an expansion of industrial uses, world stocks are expected to be drawn down sharply. International prices of most cereals remained firm or rose further in recent months, supported by strong demand and tighter supply prospects. In the Low-Income F ood-Deficit Countries, as a group, a modest growth in cereal output is forecast in 2006, while their imports are expected to increase after the substantial decline of 2005/06.
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