International Grains Council cuts its forecast for 2020/21 global grains production

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The International Grains Council (IGC) cut its forecast for a record global grains production by 9 million tonnes to 2.21 billion tonnes in 2020/21. The council also trimmed its projection for consumption during the season. In its monthly update, the inter-governmental body cut its forecast for corn (maize) by 13 million tonnes, partially offset by […]

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China to overtake EU as the world’s largest wheat producer in 5 Years : IGC

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China could overtake the European Union as the world’s largest wheat producer over the next five years even as global wheat production will climb to record highs, buoyed mainly by increases in yields, according to the International Grains Council (IGC). World’s output of the grain is expected to climb to 822 million tons by 2025/26, […]

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Global grains production forecast cut by 7 million tonne month/month to 2.219 billion tonnes – IGC

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The forecast for world total grains (wheat and coarse grains) production in 2020/21 is cut by 7m t m/m (month-on-month), to 2,219m, with a 10m downward adjustment for maize only partly offset by upgrades for other grains, the International Grains Council (IGC) said in its latest monthly report. The reduced outlook for global maize production is mainly […]

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Global total grains output forecast up 6 million month-on-month, says IGC

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At a record 2,230m t (2,181m year before), the forecast for world total grains (wheat and coarse grains) production in 2020/21 is up by 6m m/m (month-on-month), including upward revisions for wheat, maize, sorghum and rye, the International Grains Council (IGC) said in its latest monthly report. Larger feed use figures for maize and sorghum was mainly […]

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International Grains Council raises forecasts for 2020/21 global wheat, corn crops

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The International Grains Council (IGC) raised its forecast for global wheat production in the 2020/21 season, with improved outlooks for Australia and China more than offsetting a downward revision for the European Union. In its monthly update, the inter-governmental body increased its global wheat crop forecast by 2 million tonnes to 768 million tonnes, up […]

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Record wheat and barley harvests seen lifting world grains output by 40 million tonnes in 2019/20

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Record harvests of wheat and barley are expected to outweigh a poorer maize crop to lift world total grains — wheat and coarse grains — production by 40m t in 2019/20, to 2,177m, only modestly below the all-time peak in 2016/17, the International Grains Council (IGC) said in its latest monthly report. Consumption is forecast to climb […]

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Global commodities: COVID-19 blues continue

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The only positive news during the week was from the International Grains Council (IGC), which forecast record world grains production in the 2020/21 season while warning projections were tentative until the progress and duration of the coronavirus pandemic becomes clearer. The inter-governmental body, in its first full assessment of the 2020/21 season, projected world grains […]

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IGC estimates 2019-20 world wheat production at 762.3 million tonnes; Soybean at 341 million tonnes

Despite a worsening outlook in the southern hemisphere due to sustained dryness, including drought in Australia, 2019/20 world wheat production is still expected to be higher this year than last, according to the monthly report of the International Grains Council (IGC). Global wheat production in 2019/20 is forecast at 762.3 million tonnes this month, compared […]

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