Crop Prospects and Food Situation #3, May 2007

Year of publication2007

AuthorFAO

PublisherFAO

AbstractWorld cereal production in 2007 remains on course to reach a record level of 2 095 million tonnes, but with some major crops yet to be planted, the forecast is still tentative. Based on the current 2007 production outlook, global cereal supplies are forecast to increase in the new 2007/08 marketing season. However, with carryover stocks at their lowest level since the early 80s, total supplies would still be barely adequate to meet the anticipated demand, which is forecast to increase strongly boosted by the fast-growing biofuels industry. International prices for most cereals have risen signifi cantly in 2006/07 so far, and are likely to remain high in 2007/08. As a result, the cereal import bill of the LIFDCs is forecast to increase by about onequarter in the current season. In the LIFDCs as a group, production prospects point to a 2007 cereal output similar to last year’s good level. However, excluding China and India, the largest producers, the aggregate crop of the remaining countries is forecast to decline slightly.

 

Product typeBook (stand-alone)

SeriesCrop Prospects and Food Situation

RegionGlobal

ISSN2707-2231

Areas of workGlobal Information and Early Warning System

KeywordsFood crops; crop monitoring; crop production; food supply; food security; conflicts; pandemics; early warning systems