- World cereal production in 2008 is
forecast to increase 4.9 percent to a record 2 232 million tonnes, considerably
up from earlier predictions after better than expected results from the
major harvests gathered in the past two months.
- Based on the latest production forecast,
a significant improvement in the global supply and demand balance for cereals
in the 2008/09 season can be expected. Even allowing for a larger increase
in utilization than was reported in July, an 8 percent increase in world
cereal stocks could be possible.
- International prices of most cereals