July 9, 2025 | 20:41 GMT +7
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July 9, 2025 | 20:41 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
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(VAN) Coffee prices on July 3, 2025, declined globally, with Robusta dropping by 1.4%. Domestic prices fell by VND 900, trading at VND 94,300 – VND 94,800/kg.
'Rice prices keep rising while market activity stays sluggish, and many people are struggling to put food on the table,' a source in Ryanggang province told Daily NK.
(VAN) Japanese consumers have made a sharp shift away from high-priced rice to noodles and other cost-effective staples, the start of a possible sea-change in diets in the country, retailers and industry experts say.
(VAN) Global prices of key fertilizer ingredient urea have surged alongside escalating violence in the Middle East, which threatens to choke supplies of the crop nutrient from a significant producing and exporting region.
(VAN) Coffee prices on June 27, 2025, have rebounded globally. Domestic prices rose by VND 3,000, climbing to around VND 93,500 – VND 93,800/kg.
