is not the rich harvest of The world’s Cereal for the second Time in this decade to meet the demand. Both the UN food and agriculture organization (FAO) in Rome as well as the International grains Council (IGC) are expected to be in London. In the agricultural year 2018/19 (the period from one harvest to the next) to be consumed understood, therefore, almost 30 million tonnes more than are being harvested, is estimated by the FAO in its latest forecast.
The expected total harvest to quantify the UN experts on the world, a total of nearly 2.66 billion tonnes. The last global grain deficit there was in the agricultural year 2012/13, as the U.S. Farmer suffered the consequences of a multi-year drought. The grains Council – a merger of the most important grain-producing States – a very similar forecast.
“in 2018 was not the outlier”
A cause of the current decline, the drought recorded in the past year, wide Parts of Europe. She has to harvest a fall in wheat in the EU and Russia. Wheat is mainly intended for human consumption, during the greater part of the corn crop for the production of feed for cattle, pigs and other farm animals.
The consequences of the scarce wheat are being felt in Europe too: During it for food in General there is currently no significant price increases, the producer prices of bread and cereal products. As early as 2018, there was bread and cereal products, larger price increases than in the case of food in the cut.
Europe’s largest trader of Agricultural commodities is the Munich-based Baywa. The Chairman of the Board, Klaus-Josef Lutz believed that climate change became noticeable. In 2018, the European cereal harvest, drought, the result was six percent lower than in the previous year. “2018 was not the outlier,” said Lutz recently. “This is the third and the fourth year in a row that the climatic vagaries of the business.”
The stocks do not shrink
A decline in the grain harvest, however, means that famines threaten: The warehouses and storage around the globe are well filled. In previous years, the grain production was increased sharply. In the case of this development is the growing global appetite plays according to the assessment of the Baywa meat an important role. “The truth is simple: people want to eat more meat, so we need cereal,” said CEO Lutz. “We see that we have on the one hand, a decline in production, and on the other hand, a higher consumption.”
The International grains Council in London expects that global inventories are shrinking, both in this and in the next year. The London experts predict a 2018/19 a slightly greater shrinkage in the stocks of 44 million tonnes, for 2019/20 you expect a further decrease of 28 million tons. (jps/leja/sz.de)
Created: 07.04.2019, 16:15 Uhr
