Global 2022/23 wheat production lowered on smaller crops in India, EU; rice output seen higher

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Global wheat production is down this month primarily on smaller crops in India and the European Union, only partially offset by an increase for Russia, the U.S. Department of Agriculture said in its latest monthly report. It also lowered global consumption forecast and said ending stocks were also being revised down mostly on lower supplies […]

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USDA says global wheat outlook for higher output, lower trade and larger ending stocks

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The 2021/22 global outlook this month is for higher production, decreased trade and consumption, and larger ending stocks, the U.S. Agriculture Department said in its latest forecast. It said global output is raised mainly on an increase for Australia, where an updated ABARES estimate raised production 2.3 million tons to a record 36.3 million. “World […]

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Latest USDA world forecast shows wheat and corn output higher, rice lower

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The U.S. Department of Agriculture released its latest World Agriculture Supply and Demand estimates with following details: Wheat – Global production is up this month with higher estimates for Australia, Canada, and Russia only partly offset by a downward revision for Iran. Global consumption is raised this month on higher feed and residual use more […]

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Record Australia wheat exports seen on bumper crop, strong global demand

A second consecutive record wheat crop, strong global demand, and reduced competition are set to propel Australia’s wheat exports to record volumes, the USDA said in its latest report of world agriculture, making it the third-largest exporter, eclipsing the United States and Canada, which both have smaller crops, tighter stocks, and high prices. After three […]

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China’s corn production at record level; U.S. too expecting second largest corn harvest ever

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In its monthly World Agricultural Production report, USDA’s Foreign Agricultural Service (FAS) indicated that, “USDA estimates China marketing year (MY) 2021/22 corn production at a record 273.0 million tonnes,  5 per cent above the 5-year average of 260.3 million tonnes. Yield is estimated at a record 6.5 metric tons per hectare, highest in five years average. World Agricultural Production. USDA- Foreign Agricultural Service stated that, “The major factors shaping […]

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