Although the global annual grain output has declined, it is still a record high

According to the monthly report released by FAO (food and Agriculture Organization of the United Nations), the forecast data of global grain production in 2021 will be slightly lowered to 2.871 billion tons, but it is still 1.7% higher than that in 2020 or 47.8 million tons, which will still be a record high. This month’s grain production forecast was slightly down, mainly because the global coarse grain production is expected to be 1.513 billion tons, down 3 million tons from last month’s forecast.

The sharp decline in Brazil’s corn yield forecast is the main reason for the global yield decline, because the long-term drought in Brazil has affected the corn yield potential. Global barley production forecasts have also been revised down because of lower EU acreage than previously expected, coupled with widespread drought in some countries in the Near East, resulting in lower yield potential. These declines outpaced increases in corn production in China, Russia and Ukraine.

Due to the dry weather in the Near East, the potential per unit area yield has been reduced. Therefore, the forecast data of global wheat yield this month has been slightly lowered, while the forecast data rate of global rice yield has been increased. Because the data of Iraq’s sown area has been increased, Argentina and Uruguay have the highest per unit area yield under the bed in history. These increases exceed the decline of the European Union. The limited irrigation water resources in EU restrict the scale of Spanish planting.
Source: FAO

Post time: Jul-21-2021