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FAO: 2014 seen as record year for world cereal production

Latest indications confirm that world cereal production will reach an all-time record of more than 2.5 billion tonnes in 2014.

Tuesday 16 December 2014 (3 years 8 months 4 days ago)
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Latest indications confirm that world cereal production will reach an all-time record of more than 2.5 billion tonnes in 2014.

Buoyed by bumper crops in Europe and a record maize output in the United States of America, this year's cereal output should reach 2.532 billion tonnes, including rice in milled terms, or 0.3% higher than 2013, according to FAO's latest Crop Prospects and Food Situation Report.

The record global cereal harvest in 2014 will outpace projected world cereal utilization in 2014/15, allowing stocks to rise to their highest level since 2000 and pushing the worldwide stock-to-use ratio, a proxy measure for supply conditions, to rise to 25.2 percent, its highest level in 13 years, according to FAO.

Wednesday December 11, 2014/ FAO.
http://www.fao.org/

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