According to the International Grains Council (IGC) medium-term supply and demand forecast, the global grain balance will contract over the next 5 years.
Modern.az reports, citing the organization's data, that while global grain carryover stocks are expected to be 589 million tons in 2024/25, they will increase to 610 million tons in 2025/26. However, it is then anticipated that global grain stocks will fall to 588 million tons by 2030/31, which is approximately the lowest level in 20 years.
"After three years of decline, global grain stocks are expected to increase by 5% in 2025/26 and reach a three-year peak, mainly due to stockpiling by exporters," analysts noted.
The council's forecasts indicate that global supply and demand will once again contract over five years up to 2030/31.
Experts state that despite the gradual expansion of the sector and the expected improvement in average yields, production growth may not be fast enough to keep pace with rising consumption. As a result, there will be grain scarcity globally.
