World grain prices grow

19 November 2012 - 1:44pm


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.


Read also

Apr 1 2015 - 11:51
The possibility of resuming Ashgabat-Kiev-Ashgabat flights was considered during the Turkmen-Ukrainian intergovernmental negotiations in Kiev, the Turkmen government said.
Apr 1 2015 - 11:31
Moody's Investors Service affirmed the issuer and senior unsecured ratings of the Government of Kazakhstan at Baa2, and changed the outlook to stable from positive, the press service of rating agency said.The main factors that influenced the change in outlook are slower medium-term GDP growth, due to the fall in the price of oil and the economic slowdown in Russia and China.
Mar 31 2015 - 11:17
Kazakhstan plans to harvest at least 17.2 million metric tons of grain in 2015, Kazakh Agriculture Vice Minister Saparhan Omarov said. 
Mar 30 2015 - 12:03
Turkmenistan and South Korea are preparing for the fifth meeting of the joint intergovernmental commission on trade, economic, scientific and technological cooperation in Seoul on April 10, the Turkmen government said.
Mar 28 2015 - 18:09
The international community should stop and cease developing the spiral of sanctions, which entails an increase in tensions, resulting in violence and the deaths of innocent people. This statement was made by former German Chancellor Gerhard Schroeder.
Mar 27 2015 - 20:00
Head of Crimea Sergey Aksenov said that his population should delay payments to Ukrainian banks and that laws may be passed to prevent recovery of money from debtors. Russian company Fondoviy Konvers-Tsentr the declared purchase of loans from Ukrainian subsidiaries of Sberbank Rossii and Alfa-Bank, RIA Novosti reports.He said that the situation will not change until every bank returns Crimean deposits, accounts of legal bodies or settles their obligations to Crimeans.