LONDON, ENGLAND — Despite an anticipated 72-million-tonne increase in total world grain production in 2021-22, a fifth annual drawdown of grains stocks is anticipated, according to the International Grains Council (IGC) May Grain Market Report.
Total grain production is estimated at 2.292 billion tonnes, up from a downward revised estimate of 2.22 billion tonnes in 2020-21. The increased projection for global production partly offsets tighter beginning stocks.
Led by higher use of wheat and corn, global consumption is estimated to increase 59 ...
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2021
MAY
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