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International Grains Council (IGC) has updated the forecast of grain balances
According to news agentstv, the international Grains Council (IGC) has released an updated forecast of global balances of grain. The overall tone of the report - commodity abundance, expressed in the growth of production, consumption and balances.
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Production

Compared to the previous month dragnos world production of grain in the season 2014/2015. increased by 10 million tons to 1 959 million tons due to the improvement of the harvest in the U.S. corn and wheat in Russia. In 2013/2014 season in the world were collected 1 982 million tons of grain.

Gross harvest of grain in Russia in the current season will amount to 91.6 million tons (June forecast - 85.4 million tons), Ukraine - 57,9 (of 56.4) million tons, Kazakhstan - 17,0 (18,2) million tons

For comparison: last week, the U.S. Department of agriculture has forecast growth of gross grain gathering in Russia up to 94 million tons.

Consumption

Assessment of global consumption of grain also increased compared with the previous forecast to 1 941 million tons (4 million tons), including through the revision of processing forage wheat in the EU, as the quality of wheat new crop strongly cyb;tyj because of rain.

Export-import

The forecast of world wheat trade is almost not changed - 291 million tons, up 14 million tons less than the record of last season.

Russia can export 26,8 (23,0 in the previous forecast) million tons of grain, Ukraine - 29,4 (28,5) million tons, Kazakhstan - 7,0 (7,9) million tons

Remnants

Ending stocks of grain in the world, according to experts IGC, will rise to its highest level for the last 15 years - 419 million tons, up 18 million tons more than in the end of the season 2013/2014.



Translated by service "Yandeks.perevod"
Источники: Зерно Он-Лайн
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