World grain and oilseed production has trended higher over the past twenty years, with oilseeds growing at an annual rate of 3.2 percent and grains at 1.1 percent.
Large production the last couple of years has led to low international prices, while world harvested area of both grains and oilseeds declined in 2000/01. Higher average yield is forecast to boost world oilseed production to a new record. Total grain (wheat, coarse grains, and milled rice) production for 2000/01 is estimated at 1836.6 million tons, down 28.0 million or 2 percent from the previous year. Production of the seven major oilseeds (soybeans, rapeseed, cottonseed, peanuts, sunflowerseeds, copra, and palm kernel) is estimated at a record 302.5 million tons, up 2.4 million or 1 percent from 1999/2000.
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