date:Oct 09, 2019
by the close of the 2020 season, down two per cent from their opening levels.
Global wheat inventories are anticipated to expand by 1.6 percent, while those of maize will likely register a significant decline, mostly due to expected sharp drawdowns in China.
FAO left its forecast for world trade in cereals in 2019-20 unchanged at around 415 million tonne. World wheat and rice exports are set to rebound, while those of coarse grains are expected to decline.