International Grains Council sees record global grain production in 2021/22 season

The International Grains Council (IGC) forecast global grain production would climb to a record 2.287 billion tonnes in the 2021/22 season, but expects the larger supply to be entirely absorbed by higher consumption. In its first full assessment for the 2021/22 season, the inter-governmental body projected a balanced market, with stocks at the end of […]

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Global wheat stocks-to-use ratio seen declining in 2020/21 despite record output, says USDA

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The global wheat stocks-to-use ratio is anticipated to decline in 2020/21 despite record production, with consumption up more than 10 percent from the prior year on more use in China and India, the U.S. Department of Agriculture said in its latest monthly update. Global stocks are up only marginally from 2019/20. Approximately half of stocks […]

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Global wheat production in 2021 to hit a record 780 million tonnes: FAO forecast

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Global wheat production in 2021 is likely to increase and hit a new record of 780 million tonnes, according to FAO’s preliminary forecast, as expectations of a rebound in production in the European Union more than offset weather-impacted production prospects for output in the Russian Federation.  Maize production in South Africa is expected to reach […]

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IGC raises forecast for 2020-21 global wheat production

The International Grains Council (IGC) on Thursday raised its forecast for global wheat production in the 2020-21 season, partly reflecting upward revisions for crops in Australia, Kazakhstan, and Russia. In its monthly update, the inter-governmental body increased its global wheat crop forecast by 5 million tonnes to 790 million tonnes, up by 2 per cent […]

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