IGC retains 2026-27 global foodgrain production estimate at 2.41 bn tonnes

Lower acreage, weaker yields may trigger first annual decline after four consecutive seasons of output growth

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The International Grains Council (IGC) has retained its forecast for global foodgrain production in 2026-27 at 2.41 billion tonnes, while continuing to project a 3% year-on-year decline in output because of lower harvested area and weaker average yields.

In its latest monthly update, the council said the expected decline could mark the first annual fall in global foodgrain production after four consecutive seasons of growth.