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17

Billion Tonnes

Fertilizers

Stock to Use

2.2

39%

2.1

Production Consumption Stock to Use

36%

Low Levels of World Grain Stocks & Stock-to-Use Ratio

Global Wheat and Coarse Grains

Sources: USDA, ERS July 2008

2.0

1.9

1.8

33%

30%

27%

1.7

24%

1.6

1.5

  • For 8 of the past 10 years consumption exceeded production

  • Stock to use ratio has declined significantly

21%

18%

1987/88 1991/92

1995/96

1999/00

2003/04

2007/08

15%

1.4 1979/80

1983/84

Focused Synergistic Responsible

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