Short- to mid-term prospects for UK producers remain firmly tethered to global supply and sentiments. Prices continued to be pressured during the summer with the expectation of a return to improved production prospects for northern hemisphere grain. However, less favourable weather for southern hemisphere crops has given the market some recent support. The International Grains Council forecasts global grain production will increase by 139m tonnes to 1.93bn tonnes in 2013-14. Global wheat production is predicted to increase by 38m tonnes and corn production will be 80m tonnes higher than last season.
展开▼
