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|Cereal stockpiles are likely to prevent short-term shortage and avert a global food crisis||778.32 KB|
With many major food producing countries experiencing a decline in cereal production in 2018, there are fears that the world could face a looming shortage of key food commodities. That fear is misplaced, however, due to the large volume of food commodities that have been stockpiled over the past five years. While most of those supplies are located in China, which is unlikely to release them to the global market, there will still be ample food stocks available to meet global demand in the near term. Looking further ahead, however, a second consecutive year of poor growing conditions could result in food shortages in import-dependent markets, such as Indonesia and Egypt.