FAO grain index forecast decreases as Ukraine reports low grain export in November

GLOBAL  – The United Nations Food and Agriculture Organization’s (FAO) forecast for world cereal production in 2022 has been cut by 7.2 million tonnes this month and is now pegged at 2 756 tonnes, 2.0 percent (57 million tonnes) lower year-on-year. The global cereal stock-to-use ratio is estimated to drop to 29.3% in 2022-23 from 30.9% in 2021-22, registering the lowest level…

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