date:Jun 10, 2019
d cereal stocks could decline by as much as 3 percent in the new season, hitting a four-year low of 830 million tons. The anticipated decline would result in the global cereal stock-to-use ration dipping below 30 percent, which, nonetheless, still points to a relatively comfortable supply level.
World trade in cereals is forecast to rise to 414 million tons, up 1.4 percent from the estimated level for the previous year, led by a strong rebound in wheat trade driven by a stronger import demand b