World Grain Output Drops for Second Year
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ROME — The world’s grain production will drop for a second consecutive year for the first time in 40 years, mainly because of the drought in the United States, the Food and Agriculture Organization reported Thursday.
The Rome-based agency, a United Nations affiliate, predicted that the 1988-89 crop would be 1.77 billion metric tons, 24 million tons less than last year and 13 million tons less than the FAO forecast in July. As a result, world stocks would fall to 80 million tons, it said.
Rice output, while also affected by the drought, was expected to rise 5% to 484 million tons.
The decline was mostly in coarse grain, production of which was expected to reach 772 million tons, against 819 million tons last year.
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