In 2017 global grain production will amount to 2 593.7 million tonnes, down by 5 million tonnes below the May forecast and 14.1 million tonnes (-0.5%) less than last year. The decrease over last month is due to less rice and feed grain production. Compared to 2016, the decrease is due to a reduction in wheat that is 2.2%. There will be a 1.4% increase for corn crops in South America and Africa, and overall in the world by + 0.7%.

Grain consumption in the world in the new season will be 2,584 million tonnes or 13 million tonnes more than in 2016-2017. (+ 0.5%). This is by 11 million tonnes less than the May forecast due to a decline in feed wheat and corn mostly in China. Consumption of wheat drops by 0.4%, of feed grain will grow by 0.8% and that of rice will grow by 1.2%.

Ending stocks of all grains and rice increase by 14 million tonnes compared to the May forecast up to 703 million tonnes.

In the new season there will be a decline of 5 million tonnes in the global grain trade mainly due to wheat, corn and sorghum volumes.