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

Farmers-1.jpg

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 […]

Read more

Global commodities: COVID-19 blues continue

8593860811_3bf744fe8e_o.jpg

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 […]

Read more

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 […]

Read more

IGC revises down global grain production forecast

The International Grains Council (IGC) has cut its 2019/20 forecast for total grain production, which comprises wheat and coarse grains, to 2148 million tonnes, down 8 million tonnes from the June estimate. The inter-governmental body lowered its 2019/20 global wheat crop forecast by 6 million tonnes to 763 million tonnes, reflecting diminished crop outlooks in […]

Read more

International Grains Council raises forecasts for 2019-20 world wheat, corn crops

The International Grains Council (IGC) has raised its forecasts for world wheat and corn production in the 2019/2020 season. The 2019-20 projections indicate a return to the bearish combination of rising production and stocks last experienced in 2017-18. The inter-governmental body, in a monthly update, increased its global wheat crop forecast by 3 million tonnes […]

Read more

IGC revises up world wheat, corn output forecast; India likely to post bumper production

melissa-askew-26341-unsplash.jpg

Total grain production in the 2018/19 marketing year will be 10 million tonnes higher than expected, and global stocks 6 million tonnes more than previously anticipated, as wheat production is expected to rise globally, according to the International Grains Council (IGC). Total wheat production is expected to be 737 million tonnes this year, 8 million […]

Read more

IGC trims 2018-19 world grains production forecast

james-wainscoat-744643-unsplash.jpg

With small adjustments for wheat, maize and sorghum, the International Grains Council (IGC) has lowered its forecast for world total grains production in 2018/19 to 2,079 million tonnes, declined by 2 million tonnes from its earlier forecast and down 1 per cent year-on-year. In its latest monthly report, the inter-governmental body trimmed its forecast for […]

Read more