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World cereal output, trade projected to decline in year ahead: FAO

World cereal production in the 2026/27 season is expected to drop by 2% year on year to 2 982 million tonnes, led by declining wheat harvests, according to FAO’s latest Cereal Supply and Demand Brief. The expected decline follows a 6. 1% increase in 2025/26 to a record 3 043 million tonnes, with the. .

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