IGC dramatically reduced the forecast of wheat production in 2018/19 Mr

In the August report IGC estimate of world wheat production in 2018/19 Mr reduced compared to the previous forecast by 5 million tonnes to 716,4 million tonnes, which is much lower than the figure 2017/18 MG 758 million tons.

in Particular, the forecast of production reduced:

Canada – from 31.8 to 31 million tons (2017 – 30 million tons),

EU – 139,9 to 135.8 million tons (2017 – 151,2 million tons).

• for Australia from 22.5 to 20.5 million tonnes (in 2017 21.2 million tons),

at the same time increased the estimate of harvest:

Kazakhstan – from 13.7 to 14.2 million tonnes (2017 – 14.8 million tons),

Russia – from 66 to 67 million tons (2017 of 84.9 million tonnes).

• for Argentina from 19 to 19.6 million tons (2017 to 18.5 million tons),

Assessment of world exports decreased from 176 to 174 million tonnes, marginally less than last year's 176 million tonnes, the export Forecast for Australia has reduced from 16.5 to 15.5 million tonnes (which will correspond to the level of last year), Canada – from 24.2 to 23.3 mln tonnes (in 2017 21.7 million t) EU – from 25.2% to 23.2 million tonnes (in 2017 23.4 million tonnes), Ukraine – from 16.4 to 16.1 million tonnes (in 2017 17.8 million t), USA, from 30 to 29 million tons (2017 – 24.5 million t).

thus for Kazakhstan, the forecast of exports increased from 7.8 last year to 8.3 million tonnes, Russia – from 30.3 to 30.7 million tonnes, down from 41.3 million tonnes in 2017.

the Estimate of world ending stocks of wheat in 2018/198 Mr increased by 1 million tons to 248 million tons, significantly lower than the previous MG - 266 million tons For the United States forecast of carryover stocks increased from 23.8 to 24.7 million tons (2017 – 30 million t), Ukraine – from 1.1 to 1.5 million tons (in 2017 – 1.4 million tons), Of China, 116 and 116.2 million tonnes against 109,9 million tons in 2017.