by Globo Rural Online
(Problems in wheat production in South America led FAO to revise down expectations for global grain production - Photo: Shutterstock)
The United Nations Food and Agriculture Organization (FAO) has revised downward the estimated grain production cycle for 2013/2014. The data was released on Thursday (3/10).
The crop is expected to reach 2.489 billion tons, a difference of 3 million compared to the forecast last month. According to FAO, one reason is the reduction in expected wheat harvest in South America
Even with the reduction, the number represents an increase of 8% over the previous cycle. The UN agency estimated that the evolution in the crop year over year is primarily due to so-called coarse grains such as corn, barley and sorghum.
"The United States, the largest producers of corn, would be responsible for most of the growth, as it is expected to get a harvest of 348 million tons, 27% more than last year, when he was hit by the drought," the FAO statement.
prices
The UN agency Food and Agriculture also reported to have registered decline in their overall price index of food for the fifth straight month. The index reached 199.1 points, 1% less than the calculated in August. Since the beginning of the year, the drop is 11 points.
Reduction, according to the FAO, "bolstered by a sharp decline in international prices of cereals. The prices of dairy products, oils, meat and sugar increased slightly. "
The food price index of the FAO is based on a basket of 55 products.
Source: Globo Rural Magazine (Brazil).
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