FAO Announces Record Grain Harvests, but Warns of a New Wave of Price Increases in Agriculture
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FAO, the Food and Agriculture Organization of the United Nations (FAO), is concerned about the impact of the blockade of the Strait of Ormuz on energy and fertilizer prices in the face of a "relative fall in wheat prices", is revising its forecast for world wheat production in 2026 and is of the view that maize harvest is subject to the same dynamics between input and grain prices.
Better harvests of wheat, maize and rice could lead to the world's highest cereal output in history in the 2025/2026 season, according to new estimates published by the Food and Agriculture Organization of the United Nations (FAO). But the organization warns that global agriculture is entering a new period of uncertainty, amid rising energy and fertilizer prices, caused by geopolitical tensions in the Persian Gulf region. The FAO estimates that …
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