Record grain supplies forecast for 2009/10

Posted 27 March 09

World grain supplies should reach an all time record in 2009/10, as increased stocks offset a small drop in production, the International Grains Council (IGC) said.

The world’s 2009-10 grain crop is expected to be the second largest crop on record, forecast at 1.725 billion tonnes, said the report.

This is around 3% lower than world grain production in 2008/09 as grain plantings fall slightly due to some switching to oilseeds, the IGC said.

“There are some indications of weakening grain demand, especially for animal feed, due to financial and economic difficulties in many countries,” said the report.

The IGC estimates world wheat production in 2009/10 at 651 mln tonnes, down 5% on 2008-09 output of 688 mln tonnes, with an expected 1% fall in plantings.

World wheat carry-over stocks in 2009/10 are expected to rise to 171 mln tonnes, from 160 mln tonnes in 2008/09.

“Winter wheat is developing well in Europe and the CIS (Commonwealth of Independent States) and rains in China and the U.S. southern Plains eased crop concerns there,” said the report.

From F.O. Licht’s World Ethanol & Biofuels Report

Website Disclaimers and Conditions | © copyright 2008 - Ethanol Ventures Limited - all rights reserved.
Promoted by Future Capital Partners Limited. Future Capital Partners Limited is authorised and regulated by the Financial Services Authority.