April 21, 2025 | 21:25 GMT +7
Hotline: 0913.378.918
April 21, 2025 | 21:25 GMT +7
Hotline: 0913.378.918
Global grain production is forecasted to increase in the next season. Photo: TL.
According to Vietnam Industry and Trade Information Center, Ministry of Industry and Trade, in the monthly update on May 28, the International Grains Council (IGC) raised its forecast for global grain production in the 2021/22 season as high prices encourage more plantings..
Specifically, the IGC saw total grains production at a record 2.292 billion tonnes, up 5 million tonnes from its prior projection.
Grain prices have risen sharply this year with Chicago corn futures climbing to an eight-year high this month. IGC said that higher grain prices is expected to encourage more plantings, world grain output in the 2021/22 crop year is forecasted to increase by 6% year-on-year to a new peak.
The upward revision was driven partly by improved crop outlooks for India (158.1 million tonnes vs 155.9 million seen previously) and Australia (39.7 million vs 38.4 million).
The IGC raised its forecast for global corn production by two million tonnes to 1.194 billion tonnes, well above the prior season's 1.134 billion while wheat production was kept at 790 million tonnes, up 774 million in 2020/21.
Translated by Mai Tham
(VAN) Pepper prices on April 18, 2025, remained flat globally, domestic prices rose slightly by VND 500 in Gia Lai, trading at VND 157,000–159,000/kg.
(VAN) Coffee prices on April 18, 2025, declined globally. Domestic prices edged up slightly by VND 200, trading in the range of VND 132,700–133,800/kg.
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(VAN) Following the U.S. Government's decision to temporarily postpone the imposition of reciprocal tariffs, coffee prices have continuously increased sharply and are expected to continue rising in the near future.
(VAN) Coffee prices on April 17, 2025, maintain their upward momentum. Domestic prices rose by VND 1,600, reaching the range of VND 132,600–133,600/kg.
(VAN) Discussions are underway in Egypt on how to recycle millions of tonnes of agricultural and food waste into animal feed.
(VAN) Pepper prices on April 16, 2025, saw little fluctuation. Domestic pepper prices rose by as much as VND 1,500, trading around VND 155,500–158,000/kg.
(VAN) Coffee prices on April 16, 2025, continue a strong upward trend globally. Domestic prices rise by VND 5,000–5,200, reaching VND 131,300–132,200/kg.
