A new report from the Worldwatch Institute projects global grain production for 2012 to reach a record-high level of 2.4 billion tons, an increase of 1 percent over last year.
Citing data from the United Nations Food and Agriculture Organization (FAO), the report’s authors say production of grain for animal feed, up 2.1 percent this year, is growing faster than production of grain for direct human consumption, which is up 1.1 percent over 2011.
As we know, severe drought significantly reduced grain production in the United States this year, especially affecting the corn crop, which likely will decline by about 13 percent from last year. Nevertheless, the report projects 2012 global corn production up 4.1 percent from that in 2011.
In August, USDA projected total world course grain supplies for the 2012-2013 marketing year at 1.3 billion tons, down 2 percent from a year ago and down a half percent from 2010-2011.