FAO reduces its cereal production forecasts


FAO reduced world cereal production estimates by 7.2mt this year, down from its forecast last month. Its forecast for December 2022 is pegged at 2756mt, 2% lower yoy. The agency also slashed global coarse grain production estimates by 5% to 1462mt, down 3.1% from 2021. The lower projection is due t...

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