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.

 

735 views


More World news

Daesh announces withdrawal from Syria#039s Al Bab

Daesh announces withdrawal from Syria's Al Bab

The Islamic State (ISIL or Daesh, outlawed in Russia) terrorist group has started to leave the besieged northern Syrian town of Al Bab, media reports said Thursday. The Daesh has announced the start of its withdrawal …

Geneva holds new inter-Syrian round of peace talks

Geneva holds new inter-Syrian round of peace talks

Syrian government and opposition delegations started today a new round of peace talks at the UN headquarters in Geneva, Switzerland, after 10 months of the failure of the last attempt to end the conflict, Prensa Latina reports. …

Explosion hits chemical plant in Eastern Uzbekistan

Explosion hits chemical plant in Eastern Uzbekistan

An explosion hit chemical plant Farg’onaazot, a producer of nitrogen fertilizers, in the east of Uzbekistan, resulting in several victims, the country's Emergencies Ministry said in a statement. The …

Austrian Chancellor calls on EU to soften sanctions against Russia

Austrian Chancellor calls on EU to soften sanctions against Russia

Chancellor of Austria, Christian Kern, made an appeal to review the sanctions against Russia. According to him, such measures have not led to an improvement in the situation on the key contentious issues, Bloomberg reports. The EU must …

Mosul airport #039liberated#039 from Isis in battle for western half of Iraq#039s second city

Mosul airport 'liberated' from Isis in battle for western half of Iraq's second city

Iraqi forces have seized Mosul's airport and a nearby military base from Islamic State, according to state-run media. The US-backed government forces hope to use the airport as a launchpad for their campaign to expel the jihadists from …

Putin names Russian targets in Syria

Putin names Russian targets in Syria

Moscow does not attempt to intervene in the internal affairs of Syria, Russian President Vladimir Putin said, stressing the need to deliver a decisive blow to terrorism. The President noted that today it is a difficult situation in …

Tashkent and Astana to establish daily flight connection

Tashkent and Astana to establish daily flight connection

Uzbekistan and Kazakhstan plan to launch daily flights between the two capitals. It is also is expected to launch a rail connection between Almaty and Tashkent. These issues were on the agenda of the meeting of the Intergovernmental …

NATO ships show aggression towards Russian ships at Syrian coast

NATO ships show aggression towards Russian ships at Syrian coast

Today, at a meeting with Russian President Vladimir Putin, the Russian sailors claimed that NATO ships were near the Russian ships, serving at the Syrian coast. Also, the sailors noted that the actions of the Alliance ships were not …

Four thousand immigrants from Russia fight on Syrian side, Putin says

Four thousand immigrants from Russia fight on Syrian side, Putin says

A huge number of fighters from Russia and former Soviet republics fight in Syria, Russian President Vladimir Putin said at a meeting with officers of the Northern Fleet. According to the President, there are thousands of Russian …

Will EU continue to support Kiev?

Will EU continue to support Kiev?

Видео

Ukraine need to stop declaring war on Russia and acting on behalf of Europe

more World news