FAO reduces its cereal production forecasts

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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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