IGC raises forecast for 2015/16 world corn crop

Friday, 26 February 2016 00:00 - - {{hitsCtrl.values.hits}}

Reuters: The International Grains Council on Thursday raised its forecast for global corn production in 2015/16 by 10 million tons to 969 million, adding to grain stocks which are expected to be at the highest level in almost 30 years at the end of the season.

World wheat production in 2015/16 was seen at 732 million tons, up one million tons from last month’s estimate, the IGC said in a monthly update.

The IGC also forecast for global corn area for the 2016/17 crop would expand by 1% from the previous season.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.