09 December 2022
2 min reading
Global grain production forecast to fall to three-year lows
In its latest Cereal Supply and Demand Brief, FAO further cut its forecast for world cereal production in 2022, which now stands at 2 756 million tonnes, a 2.0 percent drop from 2021. The reduction largely reflects low maize production prospects in Ukraine, where the impact of the war has made post-harvesting operations prohibitively expensive.