November 10, 2011

World's grain output to increase

World's 2011/12 grain production will increase from the previous forecast of 2,278.86 million tonnes to 2,280.08 million tonnes, according to the USDA on Wednesday (Nov 9).

According to Reuters, world output for 2011/12 would include 683.30 million tonnes of wheat, 1,135.82 million of coarse (feed) grains and 460.95 million of rice.

Oilseeds were pegged at 454.79 million tonnes.