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World Grain Yield to Fall Short of Last Year’s Record

9 Oct 2015

• 9 Oct 09:39

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Overall grain production for the 2015/16 year will contract one per cent, largely due to lower maize production, predicts the International Grains Council. Total wheat and coarse grain harvest will contract to 1,996 m tonnes, says the monthly IGC market report. However, grain stocks are forecast to rise to a 29-year peak, including record wheat inventories, while maize will “likely fall”. Downgrading of EU maize has contributed to a 38 m t drop in world yield projections. A spokesperson said: “Grains trade is projected to stay high, albeit 3 per cent below last year’s record. “World rice carryovers are seen falling by 10 per cent. Read more...