World Grain Production Outlook Raised by UN FAO on Canada, China
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Global production of grain may be bigger than estimated a month ago as prospects improved for crops from Canada to China to the European Union, the United Nations’ Food & Agriculture Organization said.
Total output of grains, including wheat, rice, corn and barley, will be 2.498 billion metric tons in the 2013-14 season, 0.3 percent more than forecast in October, the Rome-based FAO said in a report today. The global wheat harvest will be a record 708.5 million tons, up from 704.6 million tons estimated a month ago and 7.4 percent more than last year.