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World production of durum wheat in 2019/20 MG would be below the 36 million tons - forecast
The experts of the IGC in its updated report reduced the forecast of world production of durum wheat in 2019/20 MG to 1.1 million tons compared to the previous assessment - to 35.7 million tonnes, which is also inferior to the results of last season (38.2 million tons).
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In particular, the experts held downward adjustments of harvest in almost all key countries-producers of grain: for the EU – up to 8 million tons versus 8.4 million tons in August, the rating and 8.7 million tons in 2018/19 MG, Kazakhstan – 1.5 (2; 2) million tons, Canada – to 5 (5,2; 5,7) million.

The forecast of world exports of durum wheat in the current season was slightly increased to 8.3 (and 8.2; and 7.9) million tonnes.

As specified, upward adjustments were carried out for the main world exporter of grain, Canada, to 5 (4,85; 4,82) million tons, and to Mexico to 0,9 (0,7; 0,5) million tons and the USA – up to 0,6 (0,55; 0,52) million tons. The reduction of this forecast, the experts conducted for the EU – to 850 (900; 908) thousand tons, Kazakhstan – up to 300 (475; 540) million tons and Australia – up to 50 (125; 26) thousand tonnes.

The estimate of world ending stocks of durum in 2019/20 MG analysts lowered to 8.9 (9,4; 10,3) million tons.

 

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Источники: Зерно Он-Лайн
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