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IGC cuts forecast for 2022/23 global corn crop

LONDON, Aug 18 (Reuters) - The International Grains Council (IGC) on Thursday cut its forecast for 2022/23 global corn output, largely driven by diminished prospects for crops in the European Union and the United States.

In its monthly update, the inter-governmental body downwardly revised its 2022/23 world corn (maize) crop outlook by 10 million tonnes to 1.179 billion tonnes.

The IGC also raised its forecast for wheat production in the 2022/23 season by 8 million tonnes to 778 million tonnes. (Reporting by Nigel Hunt; Editing by Jan Harvey)

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