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Inventory data this month has been revised up to 8.
36 Billion tons, 2.
4% more than last year’s tension level
.
The increase in China's corn stocks is the main reason for the increase in global grain stocks this month
.
At present, China's corn stocks are expected to reach 152 million tons, nearly 24 million tons higher than the previous forecast, and an increase of 3 million tons from the revised beginning inventory, which is the first year-on-year increase in six years
.
As a result of the adjustment, the ending stocks of global coarse grains in 2021/22 are expected to be 4.
0% higher than the beginning stocks, reaching 354 million tons
.
In contrast, wheat stocks for 2021/22 have been revised downwards, but they will still increase by 1.
8% from the beginning stocks, reaching a record 297 million tons, mainly due to increased stocks in Australia, China, the European Union, India, Morocco and Ukraine
.
0% higher than the beginning stocks, reaching 354 million tons
.
In contrast, wheat stocks for 2021/22 have been revised downwards, but they will still increase by 1.
8% from the beginning stocks, reaching a record 297 million tons, mainly due to increased stocks in Australia, China, the European Union, India, Morocco and Ukraine
.
Due to the slight upward revision of Pakistan’s ending stocks of rice, FAO estimates that the global ending stocks of rice in 2021/22 will be 184.
9 million tons, a year-on-year increase of 0.
5%, which will be the second highest in history
.
Due to the adjustment of global grain stocks and usage forecast data, the ratio of global grain stocks usage in 2020/22 is expected to be around 29%, which is the same as in 2020/21
.
9 million tons, a year-on-year increase of 0.
5%, which will be the second highest in history
.
Due to the adjustment of global grain stocks and usage forecast data, the ratio of global grain stocks usage in 2020/22 is expected to be around 29%, which is the same as in 2020/21
.