FAO estimates again higher world grain harvest

FAO-Dec. 14 estimating: increased supply situation on the World cereals market

The last monthly report of FAO in this 2014 again better estimates the supply situation in the global grain market (cereals including rice) . A consumption of 2.46 billion tons is a production of rd 2.5 billion tons. The closing stock rises to 628 million tonnes (previous year 579 million tons). The ratio of final data to the consumption calculated on 25.2% and is above the range of the last 4 years 20.9% to 23.5%. The good supply situation is reflected at the largest export countries, who are in the position to provide grain for export in case of need.

The situation in the wheat sector is classified according to the FAO's own measurement methods but only slightly above average. Consumption is the number of the supply just over the span of the last four years from 23 to 26.7% 27% closing stock. When one considers the high proportion of feed wheat to the above-average inventories into perspective pretty quickly. The recent discussion of possible export cuts of Russia and the Ukraine have resulted in sensitive course reactions on the stock exchanges.

The Supply demand conditions in the rice market clearly lie in the lower middle. However, this market is held to 4/5 in the SE Asia. There is little connection to the rest of the cereal market up on quality wheat. The rice prices moving in the average frame.

Exceptionally high feed grain market is supplied, primarily due to high corn crops. The world harvest of food crops is estimated over 1.3 billion tons. The global consumption should be 1.26 billion tons. The inventories will be charged at the end of the year 258 million tonnes. The supply ratio in the feed grain at 20.3% extends far beyond the previous margin of 13.9% to 17.6%.

However, corn prices have shown significant upward trends in the last month. Causes are seen in a more consumption in the veterinary sector and the bioethanol in the United States. US exports are moving at a surprisingly high level.

Despite subsequent corrections to volumes and prices in a good average supply development remains the grain year 2014/15.

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