FAO’s current forecast for world cereal production in 2016 stands at nearly 2 526 million tonnes, virtually unchanged from 2015 and fractionally above the volume predicted in April. The monthly revision resulted almost entirely from improved prospects for wheat production, now anticipated to hover around 717 million tonnes in 2016, that is 4 million tonnes higher than foreseen last month, but still 2.2 percent (16 million tonnes) below the 2015 record. The month-on-month upward revision of global wheat production mainly reflects an improved outlook in Europe, where favourable winter weather bolstered yield expectations in the EU, the Russian Federation and Ukraine. Increases in these countries
