# Global cereal stocks falling in 2022/23; early prospects point to a decline in wheat production in 2023 – FAO

> The FAO raised its 2022 world cereal production forecast by 9 million tonnes to 2,774 million tonnes, with rice output lifted to 517 million tonnes. It expects global cereal stocks to fall in 2022/23 and points to lower wheat production in 2023. Poor rains in Tanzania and floods in Pakistan cut output in those countries.

- Date: 2023-03-03 · published 2023-03-03T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/12656-global-cereal-stocks-falling-in-2022-23-early-prospects-point-to-a-decline-in
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Falling global cereal stocks and early signs of lower 2023 wheat output support wheat prices. Rice supply stays above average, which limits upside for rice.

## Read by commodity

- RICE: neutral
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-07-14 | [Global wheat production on the decline - Grain Central](https://feedsoft.ai/events/52052-global-wheat-production-on-the-decline-grain-central.md) | +0.4% | -1.8% |
| WHEAT | 2024-03-29 | [EU sees soft wheat production falling to four-year low in 2024/25](https://feedsoft.ai/events/31152-eu-sees-soft-wheat-production-falling-to-four-year-low-in-2024-25.md) | -1.3% | +1.9% |
| WHEAT | 2017-06-29 | [World Wheat Production to Decline in 2017/18 - U.S. Wheat Associates](https://feedsoft.ai/events/70449-world-wheat-production-to-decline-in-2017-18-u-s-wheat-associates.md) | +2.3% | -2.9% |
| WHEAT | 2018-04-19 | [Competing for Acres: 2018/19 Global Wheat Production to Fall - U.S. Wheat Associates](https://feedsoft.ai/events/65487-competing-for-acres-2018-19-global-wheat-production-to-fall-u-s-wheat-associates.md) | +0.3% | -1.2% |
| WHEAT | 2018-02-22 | [Early Estimates Expect 2018/19 Wheat Production to Fall in the Black Sea - U.S. Wheat Associates](https://feedsoft.ai/events/66432-early-estimates-expect-2018-19-wheat-production-to-fall-in-the-black-sea-u-s.md) | +1.3% | +1.3% |
| RICE | 2024-07-30 | [India’s grain production remains strong \| World Grain](https://feedsoft.ai/events/29226-india-s-grain-production-remains-strong-world-grain.md) | +0.4% | -0.8% |
| RICE | 2016-12-13 | [International Maize, Wheat, Rice Prices Remain Down, According to Latest FPMA Report \| Food Security Portal](https://feedsoft.ai/events/73523-international-maize-wheat-rice-prices-remain-down-according-to-latest-fpma.md) | -3.9% | -4.7% |
| RICE | 2023-10-22 | [Mint Primer: Making sense of India’s record food production \| Mint](https://feedsoft.ai/events/33583-mint-primer-making-sense-of-india-s-record-food-production-mint.md) | +2.4% | +9.9% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/global-cereal-stocks-falling-in-2022-23-early-prospects-point-to-a-decline-in-wheat-production-in-2023-fao/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.