Shrinkage in wheat and corn

Grain supply reduced, but remains at a high level

31 March 2017 - Clarisse van der Woude - 3 comments

Fewer grains in 2017/18, but the total global supply remains high. That is the expectation of the International Grains Council in the market report that came out on Thursday.

For the first time in five seasons, global grain supplies look set to decline in 2017/18. This is due to lower production and increasing consumption. It IGC assumes a production of 2.05 billion tons compared to 2.10 billion tons in 2016/17.

345

million

tons of soybeans in 2017/18 is record

The maize crop drops from 1.05 billion tons in 2016/17 to 1.02 billion tons. This is partly the result of declining production in the United States. Wheat production for 2017/18 is also lower and seems to come out at 735 million tons. A year earlier, that was 754 million tons.

Soybean production is heading for a new record next year, with 345 million tons.

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Comments
3 comments
when 1 April 2017
This is a response to this article:
[url=http://www.boerenbusiness.nl/granen-grondstof/ artikel/10873985/Graan supply-reduced,-but-stays-on-high-level]Grain supply reduced, but remains at a high level[/url]
I DO NOT BELIEVE ANY OF THE NUMBERS!!!!!!!How can there still be famine in AFRICA at this low grain price?????The grain comes to Antwerp from Argentina at a rock bottom price (Now explain to me that there are still people dying at this price) I would believe in GOD better than in you, that's for sure.
Michael 4 April 2017
Wannes, famine is caused precisely by low food prices: local agriculture cannot compete and will engage in subsistence farming, which means that less food comes onto the market, and the poorest can no longer buy anything (because there is nothing left). Fair prices are the best way for a country to be self-sufficient...
Skirt 4 April 2017
Nonsense, famine is caused by complete mismanagement of the government. Chaos, corruption, war etc. cause this suffering.
john 4 April 2017
It is not for nothing that billions in subsidies go to farmers in Europe to ensure that there is always enough food. If food production here were left to the market, more than half of it would immediately be fallow and we as citizens would also pay a lot more for the food.. tell that African who has just saved two years for a new pair of shoes that the food there should be more expensive that is really not possible. what would help is that the government stimulates food production and prices for citizens fall so that they only have a year to save for new shoes. Reducing the share of food expenditure leads to economic growth.
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