In April the International Grains Council (ICG) estimated world grain production in 2019-20 would increase two per cent over last year to 2.18 billion tonnes. Their estimate for total consumption (food, feed and industrial use) is 2.20 billion tonnes. The math suggests that demand will outpace production, meaning the supply carried forward will be drawn down for a third consecutive year. The ICG estimates world carry out […] Read more