The Cereal Supply and Demand Brief, issued by FAO Friday, attributed its raised projections to a better harvest outlook for maize in Argentina and Brazil as well as Turkiye and Ukraine, which will offset downgrades to the outlook for Indonesia, Pakistan and several Southern African countries
FAO's new Cereal Supply and Demand Brief pegs global wheat output at 785 million tonnes, coarse grain production at 1 511 million tonnes - up 2.7 per cent from 2022 - and world rice output at 523.1 million tonnes.