FAO estimates second-best Getreidernte 2014

FAO estimates a world grain harvest 2014/15 lower power layer higher, prices falling

The latest estimate of the Food Agriculture Organization (FAO) by early July 2014 to harvest without rice comes to a -1.5% lower result compared to the previous year.

Estimates of the grain harvest of 2014/15 compared

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Thus, the FAO is in good company with other forecasters. As a benchmark for the assessment are not 1. Line to attract the absolute numbers, but the respective changes. The reason is that individual institutions apply different data collection and estimation methods, which naturally lead to different results. related differences remain sidelined methodical with consistent estimation method. The remaining differences are to settle in the usual treasure error range.

The weaker dropout world wheat harvest based on the FAO almost unanimously with the other institutions essentially the drought-related and Auswinterungs damaged U.S. wheat crop, a less than average Canadian harvest after the exceptional year 2013 and reduced expectations (El Nino) in Australia. However high harvest in the EU and the Black Sea region are.

The result of the remaining grain harvest is essentially determined by the maize crop with a share of about 80%. After the previous year, the second best result is characterized by the good harvest forecasts for the United States and China.

The supply situation similar to cheap estimates the FAO as the other institutions. the wheat a stock-to-use ratio is calculated by 18.9% by 25.9% and the remaining grain an above-average line. The deviations from the remaining estimators are insignificant.

The FAO forecasts for 2014/15 to -7.2% falling wheat prices on average compared to the previous year. Corn prices are according to the calculations to -29% go back.