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FAO FORECASTS GLOBAL WHEAT PRODUCTION TO INCREASE BY AROUND 3% IN 2011
PanARMENIAN.Net
March 3, 2011 - 17:10 AMT 13:10 GMT
FAO expects winter crops in the northern hemisphere to be generally
favorable and forecasts global wheat production to increase by around
3 percent in 2011.This assumes a recovery in wheat production in major
producing countries of the Commonwealth of Independent States. So far,
conditions of winter crops in those countries are generally favorable.
The latest estimate for the world cereal production in 2010 is
8 million tons more than was anticipated in December but still
slightly below 2009. This month's upward revision reflects mostly
higher estimates for production in Argentina, China and Ethiopia.
The forecast for world cereal utilization in 2010/11 has been revised
up by 18 million tons since December. The bulk of the revision
reflects adjustments to the feed and industrial utilization of
coarse grains. Larger use of maize for ethanol production in the
United States and statistical adjustments to China's historical
(since 2006/07) supply and demand balance for maize are the main
reasons for the revision, FAO said.
From: A. Papazian
PanARMENIAN.Net
March 3, 2011 - 17:10 AMT 13:10 GMT
FAO expects winter crops in the northern hemisphere to be generally
favorable and forecasts global wheat production to increase by around
3 percent in 2011.This assumes a recovery in wheat production in major
producing countries of the Commonwealth of Independent States. So far,
conditions of winter crops in those countries are generally favorable.
The latest estimate for the world cereal production in 2010 is
8 million tons more than was anticipated in December but still
slightly below 2009. This month's upward revision reflects mostly
higher estimates for production in Argentina, China and Ethiopia.
The forecast for world cereal utilization in 2010/11 has been revised
up by 18 million tons since December. The bulk of the revision
reflects adjustments to the feed and industrial utilization of
coarse grains. Larger use of maize for ethanol production in the
United States and statistical adjustments to China's historical
(since 2006/07) supply and demand balance for maize are the main
reasons for the revision, FAO said.
From: A. Papazian