Key Market Indicators
Grain production is projected to climb to approximately 37,900 metric tons by 2028, up from 34,600 metric tons in 2023. This marks a year-on-year compound annual growth rate (CAGR) of 1.4%. Since 1966, the supply of grains has experienced a consistent increase, growing by an average of 2.2% annually. In 2023, the country ranked 148th in global grain production. Notably, Cyprus surpassed it this year, also producing 34,600 metric tons. On the global stage, the United States, India, and Brazil held the second, third, and fourth positions, respectively, in grain production rankings.
