The FAO’s index of cereals shows a 7.1% monthly increase, boosted by May’s international prices, which are down 11.2% and currently stands at 42.3%. at the 2020 level, which reflects a global offer that is even more limited than the quantitative biases on the part of China and the lower estimates prior to production and existence in the United States, as well as the temporary suspension of the records of May’s exports to Argentina.
The prices of the third stock will be 6.8%, adjusted by the global demand demand and the expectations of reduction of sales of the Federation of Russia when its export rights are doubled in March 2021. The robustness of the demand of Asia and Africa stores support the most expensive elevators of the Arroz.
As far as production is concerned, the new FAO estimates for 2020 will be maximized in trigo and arrow production. In view of the cereal production of 2021, the initial Indian perspectives are likely to increase modestly the winter hardwood cultivation in the northern hemisphere, altered by the cultivation surface increments in the United States, the Russian Federation, France y la India. It is expected that the production of corn in the hemisphere on diminutive medium in Argentina and Brazil will respect its historical maxims, while it is maintained by the media. The perspectives on South African production and its favorite countries.
At the same time, the prognosticators of this month are the major mayors of world trade and a sharp decrease in the world reserves of cereals.
At the global level, cereal use is currently expected in 2020/21 of 2,761 million tonnes, 52 million tonnes more than in the previous campaign. Lead the increase in energy consumption of secondary cereals for pain in China. According to the commissions, the global utilization of trio and arroz will increase this year by 0.7% and 1.8%, respectively.
It is predicted that world cereal reserves will be 2.2% higher than 801 million tonnes, at a very low level in five years. This reduces the global coefficient of use of cereals up to 28.3%, the lower level of the last year. The new figures reflect a quantitative adjustment of the bay in May’s existence in China.
Currently, a global trade of cereals in 2020/21 of 465.2 million tons is planned, a significant expansion of 5.7% with respect to the maximum increased in the previous campaign. The alza of the estimates reflect the quantitative comparisons of May on the part of China, especially proceedings of the United States. The Indian forecasts that Arroz’s international trade will be increased by only 7.9%, which reflect a sharp increase in India’s exports.
The new FAO forecasts include the results of a 2013/14 exam on the balance of the offer and the demand from China. The inexperienced buy in large numbers of corn of the country in the last few weeks despite a large demand for peasants and one of the leading nationalists of the district, which is probably due to the rapid recovery of beef production. porcina africana.