World production of coarse grains in 2013 is forecast at a record 1 295 million tonnes, 11.4 percent up from the previous year, largely driven by a strong recovery in maize production in the United States from its 2012 drought-reduced level. A number of other major producers also contributed to this year’s large production increase.
Global trade in 2013/14 is put at 135 million tonnes, a new record and 1.5 million tonnes higher than reported in October. The main feature in the 2013/14 season is the recovery of maize supplies in the United States, which is forecast to boost exports from the country by 44 percent.
Total utilization of coarse grains in 2013/14 is projected to increase by 5 percent to an all-time high of 1 233 million tonnes. Feed and other uses are forecast to register a strong growth, supported by improved supplies and lower prices.
World inventories by the close of crop seasons in 2014 are forecast to reach 217 million tonnes, 30 percent, or 51 million tonnes, above their sharply reduced opening levels and 4.5 million tonnes higher than reported in October. As a result, the world stockto- use ratio is expected to recover from its historically low level of 13.5 percent in 2012/13, to 17.4 percent.
The major exporters’ stock-to-disappearance ratio is also anticipated to rebound from only 7.6 percent in 2012/13 to 13.7 percent in 2013/14.
Source: Abdolreza Abbassian
Trade and Markets Division
Food and Agriculture Organization of the United Nations
Via delle Terme di Caracalla
00153 Rome - Italy
E-mail: Abdolreza.Abbassian@fao.org or email@example.com