Crop Prospects and Food Situation - No. 3, October 2011
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Prospects for global cereal production in 2011 have improved since September, following better expectations for rice and wheat. At the expected record level of 2 310 million tonnes, world cereal production would be 3 percent, or 68 million tonnes, above the reduced 2010 level. n In September, international prices of all cereals with the exception of rice fell sharply, triggered by global economic slowdown and the strengthening of the US dollar as well as large export supplies from th e Black Sea region. The expected slower recovery in the world economy will bring more uncertainty to the food security situation...