FAO: Record Grain Harvest in 2025 Will Not Lead to Increase in Global Food Prices
According to FAO experts, global grain production has been revised upward by 35.6 million tons compared to the July forecast.
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Forage grains — 1.6 billion tons (+3.5%).
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Wheat — 804.9 million tons (+6.9 million tons from last year's level).
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Rice (milled) — 555.5 million tons, a new historical maximum.
As a result, the production of all key grain crops in 2025 will set new record levels.
Consumption: Growth in Feed Segment
Global grain consumption in the 2025–2026 season is forecasted to be 2.92 billion tons, which is 1.6% higher than the previous year.
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Forage grains — 1.57 billion tons (+44.6 million tons), mainly due to corn.
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Wheat — 803.5 million tons (+8.1 million tons).
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Barley — consumption growth in Saudi Arabia, but volumes remain below the previous season's level.
Stocks and Trade
By the end of the 2026 season, global grain stocks will amount to 898.7 million tons (+3.7% from the start of the season). Meanwhile, wheat stocks will remain close to the starting level. The stock-to-use ratio will increase to 30.6%, indicating a stable market supply.
Global grain trade in the new season is forecasted at 493.4 million tons (+1.4%). The largest increase is expected in the wheat segment (+7.8 million tons, +4%), driven by high import demand from China, Iran, Pakistan, Syria, and Turkey.
