Production of cereals and demand for them is going to be tight in 2007, according to a report from the UN’s Food and Agriculture Organization, in a statement released yesterday.
The FAO Says
World cereal production in 2007 is on track to reach a record level of 2 095 million tonnes, a rise of 4.8 percent over 2006 levels, FAO said in a tentative forecast issued today. But with stocks at their lowest level in over two decades, total supplies would still be barely adequate to meet increased demand, boosted by the fast-growing biofuels industry.
You can read all the numbers in the organisation’s Crop Forecast and Food Situation report.
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