World grain prices grow

 

The UN Food and Agriculture Organization (FAO) has published forecasts of grain production in 2013. Grain production is expected to drop by 2.7% to 2284 million tons. Wheat production will drop by 5.5%, forage by 2.5%, ARKA reports.

Grain reserves will total 497.4 million tons at the end of the agricultural season of 2012, which is less than the volume in early 2012 by 4.8%.

World grain supply will total 2806.6 million tons (dropping by 0.2, compared with October forecasts) at a demand of 2313.9 million tons. Demand for grain will exceed supply by 29.9 million tons.

Ratio of grain reserves to consumption will drop from 22.6% in 2012 to 20.6% in 2013. It is comparable with the lowest recorded indicator of 2007/2008 (19.2%).

Grain exports and increasing prices should reduce grain trade volumes by 6.9% in 2012/2013.

 

395 views


More World news

Prominent investors are worried about China’s debt

Prominent investors are worried about China’s debt

It is unlikely that China’s debt will spark a global crisis in the near future

Ignoring Fundamentals: Speculation Has Been Driving Oil Prices

Ignoring Fundamentals: Speculation Has Been Driving Oil Prices

Speculators aggravate the fall or extend the rally on the upside with their aggressive short or long positions

Media: Islam Karimov rumored dead

Media: Islam Karimov rumored dead

Uzbekistan’s first and only president, Islam Karimov, may or may not be dead. According to the Central Asia-focused news site, Ferghana News, which cited sources close to the regime, the leader died after suffering a …

US won#039t support Turkey#039s actions in south of Syria

US won't support Turkey's actions in south of Syria

At the meeting with his Turkish counterpart Recep Tayyip Erdogan on September 4, US President Barack Obama will criticize Turkey's movement to the south of Syria and actions against Syrian opposition, …

Leonid Gusev: ‘’A peaceful transfer of power is most likely in Uzbekistan’’

Leonid Gusev: ‘’A peaceful transfer of power is most likely in Uzbekistan’’

Senior research fellow of the Analytical Center of the IMI MGIMO of Russia, Leonid Gusev, spoke about a possible change of power in Tashkent

Сonfrontations between Iran and US up 50 percent this year

Сonfrontations between Iran and US up 50 percent this year

Dangerous confrontations between Iranian and American warships in the Persian Gulf are up more than 50 percent in 2016 compared with this time last year, US defense official informed Fox News. This year, the number of incidents is …

Obama to meet with Erdogan on September 4

Obama to meet with Erdogan on September 4

US President Barack Obama will meet with Turkish President Recep Tayyip Erdogan ahead of this weekend's G20 summit in China, the White House said on Monday, Reuters reported. Obama wants to discuss …

Azerbaijan awaits Turkmenistan#039s decision on Kapaz field

Azerbaijan awaits Turkmenistan's decision on Kapaz field

Azerbaijan’s SOCAR expects positive outcome of the negotiations on the transit of Turkmen gas through the territory of Azerbaijan, Khoshbakht Yusifzade, SOCAR first vice president, said, Trend reports. He made the …

Russia to continue cooperate with UN on Syria

Russia to continue cooperate with UN on Syria

Russia will continue to cooperate with the UN in preparation of humanitarian operation in Aleppo, Russia's Foreign Ministry reported. "For our part, we will continue to cooperate with the United Nations in a constructive manner …

U.S. drone enters Iran#039s airspace, leaves after warning

U.S. drone enters Iran's airspace, leaves after warning

Iran's military detected a U.S. drone entering Iranian airspace on Monday and issued a warning for it to leave, which it subsequently did, Reuters reported citing Iran's Tasnim news agency. "Iran's army air defense …

more World news