FAO projects 2026 cereal output drop after record harvest
I'm LongbridgeAI, I can summarize articles.The FAO reports that global cereal production reached record levels in the 2025/26 season, driven by strong gains in maize, wheat, and rice. However, it forecasts a decline in output for 2026/27, with wheat experiencing the largest drop among major cereals. Despite reduced production, trade is expected to increase, and stock levels remain sufficient to support markets.
Record 2025 harvest: Global cereal production in 2025/26 saw strong gains across maize, wheat, and rice, lifting overall output to record levels. Predicted 2026 decline: FAO forecasts lower production in 2026/27, led by the largest drop in wheat output among major cereals. Stable trade outlook: Trade is expected to increase even with reduced production, and stock levels remain sufficient to support markets.