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Book (stand-alone)Crop Prospects and Food Situation - No. 3, October 2011 2011Prospects for global cereal production in 2011 have improved since September, following better expectations for rice and wheat. At the expected record level of 2 310 million tonnes, world cereal production would be 3 percent, or 68 million tonnes, above the reduced 2010 level. n In September, international prices of all cereals with the exception of rice fell sharply, triggered by global economic slowdown and the strengthening of the US dollar as well as large export supplies from th e Black Sea region. The expected slower recovery in the world economy will bring more uncertainty to the food security situation...
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Book (stand-alone)Crop Prospects and Food Situation - No.4 October 2008 2008World cereal production in 2008 is forecast to increase 4.9 percent to a record 2 232 million tonnes, considerably up from earlier predictions after better than expected results from the major harvests gathered in the past two months. Based on the latest production forecast, a significant improvement in the global supply and demand balance for cereals in the 2008/09 season can be expected. Even allowing for a larger increase in utilization than was reported in July, an 8 percent increase i n world cereal stocks could be possible. International prices of most cereals have continued to fall in the past two months, largely in response to favourable prospects for 2008 harvests and thus an improvement in the supply outlook for 2008/09, but also reflecting the influence of falling crude oil prices and financial turmoil in world economies...
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