Walid Battal
Global grain stocks are crucial for regulating food security, stabilizing global prices, and planning agricultural policies. According to the International Grains Council (IGC), global grain stocks among major exporters (the USA, Brazil, and Argentina) are expected to decrease from 735 million tons in 2022 to 708 million tons in 2024, reaching only 695 million tons by 2025.
This decline is attributed to recent global crises (the war in Ukraine and the COVID-19 pandemic), increased demand, drought, and other climatic phenomena like El Niño.
However, the FAO bulletin dated July 5 presents more positive predictions. The FAO announces that global grain stocks will increase by 2.8%, despite the downward revisions in Russian stocks. The causes are stable international trade and increased wheat and corn production, particularly in the United States.