FAO expects a decline in world wheat production in 2017/18 MG
according to the analysts At the FAO in 2017/18 MG world wheat production will decline for the first time in the last 5 years and will be 744,5 million. The figure of 13.5 million tons will yield results this year, but will exceed the forecast of experts in IGC 735 million.
the Most significant decline in production will occur in the United States. Due to the reduction of acreage to the lowest level in a hundred years, the wheat crop will decrease by 50 million tons. In Australia, the gross yield will be reduced by 7.1 million tons to 28 million tons.
At the same time, analysts expect that in other major producing countries, wheat production will increase due to favorable weather conditions and good condition of the crops. In particular, Russia's wheat harvest may reach a record 74 million. In the EU, by improving the yield the gross yield will rise to 5.5 million tons to 150 million tons. Due to the expansion of acreage under wheat will increase wheat crop in China, India and Pakistan.