World grain output grows

Although US grain production was hit by bad weather, global production of wheat, rice and corn have risen on the back of higher market prices — by around 10%-40% in the past 11 years.

Russia is still imposing an export cap, the Thai government is stockpiling rice, and grain supplies remain “on a razor’s edge” in the US.

China’s crop is likely to be good, but weather may damage crops in South America.

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