Global cereal output likely to fall this season : FAO
Sunday, 14 November 2010
ROME, Nov 13 (Commodity Online): The global cereal production would be 2239 million tons for the year 2010-11 which is one per cent lower than the 2261 million tons for 2009-2010, said Food and Agriculture Organisation (FAO), the UN arm for food security.
The weak output is projected on account of reduced harvests in Commonwealth of Independent States (CIS) member countries, including Russia. The region is under the grip of droughts.
Smaller crops in EU and North Africa add to the weakened projection.
However the organisation is optimistic that the decline in production will not be of much consequence given the comfortable levels in carryover stocks for the next year. The crop estimates are towards the end of September for the coming year with cereal utilisation pegged at 2,248 million tons.
In an interesting observation, with floods ravaging Pakistan and dryweather aggravating the situation in Cambodia and Lao People's Democratic Republic, rice crop output figures would have taken a dent, globally.
But its production figures are going to hit the roofs to a record surge of 3 per cent taking output close to 100 million tons.
Generally, Latin America and Carribean are expected to make a comeback in cereal cultivation output. China and India would ride the production wave in cereals for the coming year.
The price rise for grains in the international market for the year was fuelled mainly by the drought situation in CIS and a subsequent ban in exports by Russia. The prices took a leap from the recorded prices for the beginning of July season to the tune of 60-80 per cent in September.
The weak output is projected on account of reduced harvests in Commonwealth of Independent States (CIS) member countries, including Russia. The region is under the grip of droughts.
Smaller crops in EU and North Africa add to the weakened projection.
However the organisation is optimistic that the decline in production will not be of much consequence given the comfortable levels in carryover stocks for the next year. The crop estimates are towards the end of September for the coming year with cereal utilisation pegged at 2,248 million tons.
In an interesting observation, with floods ravaging Pakistan and dryweather aggravating the situation in Cambodia and Lao People's Democratic Republic, rice crop output figures would have taken a dent, globally.
But its production figures are going to hit the roofs to a record surge of 3 per cent taking output close to 100 million tons.
Generally, Latin America and Carribean are expected to make a comeback in cereal cultivation output. China and India would ride the production wave in cereals for the coming year.
The price rise for grains in the international market for the year was fuelled mainly by the drought situation in CIS and a subsequent ban in exports by Russia. The prices took a leap from the recorded prices for the beginning of July season to the tune of 60-80 per cent in September.