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IGC: world wheat production next season will be reduced significantly because of Russia
The international Grains Council (IGC) published the first forecast of the balance of wheat for the season 2018/19. The world expects a serious decline in wheat production to 741 million tonnes. This is 2.3% less than in the current season and 1.8% less than in the 2016/17 season. According to the AGN. Grain Online with a link to the official website of the IGC
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Among the leading countries-producers of wheat the most significant reductions will happen to Russia, to 10.4 million tonnes to 74.5 million tonnes.

However, the volume of world wheat trade compared to the current season could rise by 2.8% to 179 million tons. Russia, despite the decline in production, exports and even increased by 800 thousand tons to 37.1 million tons. Grow and export from the EU by 2.6 million tonnes to 26.8 million tonnes, exclusively due to soft wheat. The US will be able to increase exports by 1.3 million tons to 26.5 million tons.

Will grow and global consumption of wheat, 0.2% to 744 million tons.

World ending wheat stocks will fall to 253 million tonnes, which is 1.2% less than in season 2017/18 and 0.4% less than in the 2016/17 season.

Ending stocks from the leading countries-exporters of wheat (Argentina, Australia, EU, Kazakhstan, Russia, Ukraine, USA) can drop to 66 million tonnes, which is 15.4% less than in season 2017/18 and 13.2% less than in the 2016/17 season.

In Russia, ending stocks for the current season will be reduced by 3.5 million tons to 12.2 million tons. But some of the other leading exporters are also significantly podsokratit reserves: US $ 5.4 million tons to 22.7 million tons; the EU by 2.6 million tonnes and 14,7 million tons, including soft wheat-by 2.2 million tonnes to 12.3 million tonnes.

Photo: eostrace.be



Translated by service "Yandex.Translation"
Источники: Зерно Он-Лайн
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