Global production of wheat in 2015/16 is estimated to have risen slightly by 1.2 million tons to a new record based on larger crops in the European Union, Pakistan, and Russia, the USDA said in its latest report on world agriculture market and trade.
It said lower production in both Brazil and Uruguay were partly offsetting the increase
“Global trade is nearly unchanged. Brazil and Uruguay’s exports are lowered on account of tightening supplies, while Pakistan, Paraguay, and Turkmenistan are up on reports of higher sales, the rport said.
U.S. imports are cut to reflect the slow pace of shipments from Canada. Both U.S. exports and the season-average farm price remain unchanged this month, it added.
The report said world wheat trade for 2015/16 is down fractionally with several, mostly offsetting, changes.
TRADE CHANGES IN 2015/16
- Brazil is cut 200,000 tons to 1.3 million on a smaller crop and strong global competition for feed-quality wheat, especially from Argentina.
- Pakistan is up 100,000 tons to 700,000 on additional sales to Afghanistan.
- Paraguay is boosted 200,000 tons to 1.2 million on a stronger-than-expected pace.
- Turkmenistan is raised 200,000 tons from zero after reported sales to Afghanistan.
- Uruguay is lowered 250,000 tons to 700,000 owing to a smaller crop because of unfavourable weather conditions during harvest.
- Afghanistan is raised 200,000 tons to 2.2 million based upon reported purchases from
- South Africa is up 100,000 tons to 1.8 million due to a smaller crop.
- United States is cut 150,000 tons to 3.2 million based on the slow pace of shipments from Canada.
- Uruguay is boosted 300,000 tons to 350,000 due to a poor domestic crop. So far, the imports are from Paraguay.