Crop prospects and food situation: highlights
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FAO ;
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Prospects for world cereal production in 2015 remain favourable, despite recent adverse weather conditions in some regions and continuing concerns over El Niño, with the global cereal supply and demand outlook for 2015/16 pointing to generally stable conditions. Export prices of wheat and maize generally increased in June on concerns about the impact of unfavourable weather yield potential. By contrast, international prices of rice weakened further mainly because of weak import demand. Cereal pr ices in June remained well below their year-earlier levels, reflecting the continuing overall positive outlook for this year’s production.