date:Mar 07, 2014
y, up 13 million tonnes from its previous forecast and said the early outlook for 2014 wheat production is favourable.
The FAO raised world cereal stocks forecasts for end-2014 season slightly to 578.5 million tonnes, meaning they would be 14.5 percent above their reduced opening levels and the highest in 12 years, FAO said.
The rise in the 2013 forecast for world cereal production was due to higher estimates from Australia, which has just concluded its winter grain harvest, and upward revisio