FAO increased world grain harvest including rice - grain prices remain low until 2017 Food and Agriculture Organization of the United Nations (FAO) estimates in its most recent issue the world production of cereals including rice at 3 million tonnes higher than even in the Sept.-16 Essential contributions to the increase in productivity with a focus on wheat Ukraine, Russia and Kazakhstan are from the black sea areas. Large corn crops contribute to increase in the United States, Argentina and India. The rice crop this year should reach record levels. Outstanding results to determine are in Asia, Africa and North America. The grain consumption is expected to grow almost at the same level as the production. This increases food consumption almost twice as high as a result of high corn crops and an ample range of feed wheat this year. The low price level stimulates demand. Despite increases in consumption will remain at the end of the engineer an increase in the stock of the endwhich goes beyond the high level of the previous year. Thus a worldwide supply is built up in the last 3 years, which contributes to an adequate security of supply. The wheat is outstanding with nearly one-third of consumption. The FAO expects that the above-average global supply situation for the grain prices no significant price changes are to be expected in the course of the marketing year 2016/17. You are expected to remain largely on the currently low level. On the other hand, there are opinions from stock market circlesemanating from a limited rise in cereal prices in spring 2017 into. Indeed, the forward rates in the rest of the year suggest notable growth rates, which go beyond the ordinary measure.
