Record high grain production globally in 2023-2024: FAO

The United Nations' Food and Agriculture Organization (FAO) has confirmed its forecast that the world will see record-high global grain production figures in 2023-2024.

According to an FAO report released on Friday, global grain output will climb to 2.819 billion tonnes in 2023, up 1.1 per cent in annual terms.

In particular, improvement is noted in global wheat production, which currently amounts to 783.3 million tonnes, driven by enhanced prospects in a number of countries, including Kazakhstan, Turkey and Canada, the FAO said.

At the same time, global wheat production will see a 2.3 per cent year-on-year decline, which will be evened out by an increase in feed grain stocks and an expanded rice harvest. Global stocks of feed grain are projected to edge up by 2.9 per cent year on year to 1.512 billion tonnes.

Meanwhile, global rice production in 2023-2024 is expected to post an uptick of 1.2 per cent, versus the lower level seen in 2022-2023, to reach 523.7 million tonnes, the FAO reported.

/KN/