Mumbai, May 7 -- Food and Agriculture Organization or FAO has slightly lowered its estimate for global cereal production in 2024 by 1.1 million tonnes compared to the April figure. The global cereal output is now pegged at 2848 million tonnes, remaining marginally lower year on year, largely due to a reduced world maize outturn. FAO's forecasts of rice production in 2024/25 have changed only marginally since April. As a result, and largely due to a robust expansion in area planted, global rice output is forecast to expand by 1.5 percent year-on-year in 2024/25 to reach an all-time high of 543.6 million tonnes (milled basis).
The world cereal utilization for 2024/25 is forecast at 2 870 million tonnes, an increase of 1.9 million tonnes from...