The increase was mainly due to positive harvest prospects for corn, wheat and rice, the three major cereals consumed widely around the world .
According to the FAO, cereal production this year is expected to increase by 2.3% compared to 2024, with wheat output expected to reach 805.3 million tonnes, up 0.9%. This is due to higher-than-expected yields in India and Pakistan, the leading consuming countries. Global maize production is also expected to increase thanks to favorable conditions in Brazil and a larger-than-expected planted area in India, offsetting reduced areas and dry weather in Ukraine and the European Union (EU).
Meanwhile, rice production is expected to reach a record 555.6 million tonnes, up 1%. The increase is mainly due to improved crop prospects in India, Bangladesh, Pakistan and Vietnam, despite lower output in Iraq and the United States.
FAO also forecasts total cereal use – including animal feed, chemical and fuel industries – to increase slightly by 0.8%, with consumption rising in secondary cereals such as maize and rice, while demand for wheat declines slightly.
In terms of prices, the FAO food price index in June 2025 recorded a slight increase of 0.5% compared to May 2025, due to increases in meat, dairy products and vegetable oils. Compared to the same period in 2024, food prices increased by 5.8% but remained well below the peak in March 2022.
Cereal and sugar prices fell 1.5% and 5.2%, respectively, offsetting sharp increases in meat and vegetable oils. Meat prices rose 2.1% to a new record high. Dairy prices also rose slightly by 0.5%, mainly due to higher butter prices, which were driven by tight supplies in Oceania and the EU, while demand in Asia remained strong. Meanwhile, vegetable oil prices rose sharply by 2.3%, with palm oil up nearly 5% due to strong global demand.
The FAO report paints a positive picture of global cereal production and price fluctuations that there will be a direct impact on agricultural markets and world food security in 2025.
Source: https://baolaocai.vn/thi-truong-nong-san-san-luong-ngu-coc-toan-cau-du-kien-dat-muc-cao-ky-luc-trong-nam-2025-post648102.html
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