Global cereal supply and demand conditions are generally optimistic, according to FAO's initial forecasts for 2024/25. Based on the current assessment of world cereal production prospects, global cereal production in 2024/25 is expected to reach 2.846 billion tonnes (including rice milled), almost matching the record production in 2023/24. Among major cereals, global corn and wheat production is expected to decline. Recent severe weather conditions in the Black Sea region are likely to lead to l...