World Harvest 2018 Lower Than 2017
Forecasts indicate, that the world’s cereals harvest 2018 was 2 609 million tonnes, which is 49 million tonnes less than 2017 and roughly at the level of the harvest 2016. Stocks of cereals are expected to fall by 43 million tonnes to 766 million tonnes.
|Type||2016/2017||2017/2018*||2018/2019**||18/19 vs. 17/18, %|
* Estimate, ** Forecast, Source: FAO.
Slightly rising cereals in February
Cereals rose marginally in February, and is just over eight per cent higher than a year ago. Maize prices, especially those from the USA, rose as a result of concerns about disruptions in distribution. Wheat prices rose at the beginning of the month due to supply, but fell later as demand declined. Prices of certain rice varieties rose, while prices of others fell back, which meant that at an overall level, prices were stable.