UN Food and Agriculture Organization officials say China will promote a 7% increase in global corn trade

Foreign media news on May 27: According to Dennis Drexler, project manager of the Global Agricultural Market Information System (AMIS) of the Food and Agriculture Organization of the United Nations ( foodmate.
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　　At the same time, global corn ending stocks are expected to decrease due to active corn consumption in countries including China.

 

　　In terms of wheat, wheat exports from the European Union and the Black Sea region are expected to grow, coupled with attractive wheat prices, so global wheat trade will stabilize at a high of 184.
5 million tons.
In addition, the increased competitiveness of wheat relative to corn will help boost the growth of wheat feed demand.

 

　　Drexler said that global cereal production and exports in 2020/21 will hit a record high.

 

　　As for the next year, global wheat production in 2021/22 will continue to grow, reaching a record 778.
8 million tons.
The weather conditions in the main producing countries will be the main variable of concern to the market.

 

　　Global soybean production and consumption in 2020/21 will also resume.
Due to increased demand, the global soybean ending stocks next year will fall to the lowest level in seven years.