IGC experts raised the forecast for world grain production in 2025/26 MY

Experts from the International Grains Council (IGC) have raised their forecasts for opening stocks and grain production in the 2025/26 MY.

It is expected that compared to the previous season, grain production will increase from 2,368 to 2,373 million tons, in particular corn - from 1,269 to 1,274 million tons, while wheat - will decrease from 807 to 806 million tons.

The forecast for global grain consumption has been raised by 7 million tonnes to a record 2,373 million tonnes, mainly due to an adjustment in the estimate of industrial consumption in India (for ethanol production).

The estimate of world trade has been increased to 424 million tons (418 million tons in the current season), which will be lower than the 5-year average due to a decrease in grain purchases by China.

Carrying stocks of grain in the next season will remain at the level of the current season and will amount to 580 million tons.