IGC increased the forecast of wheat production in 2019/20 Mr

2019-03-29 12:07:39
Machine translation
IGC increased the forecast of wheat production in 2019/20 Mr

In the March report, the International Grains Council CIG the estimate of world wheat production in 2019/20 Mr increased compared to the previous forecast by 1% to 758,7 million tonnes, 3.2% higher than the figure recorded for the current season.

 

production Growth will occur due to the increase in wheat production in Australia at 5.6 million tonnes, Russia by 5.4 million tonnes, the EU – 11.1 million tons.

 

the Forecast of world wheat trade increased by 0.2% to 174 million tonnes, which is 1.7% higher than the level 2018/19 Mr.

 

Estimates of increased exports to Australia by 5 million tons and EU countries by 3.5 million tons.

 

the Forecast of world consumption of wheat in the new season increased compared to the previous estimate of 0.2% to 752,4 million tonnes, which is 1.3% higher than in the 2018/19 season.

 

the Estimate of world wheat stocks in comparison with the previous report, increased by 2.7% to 270,1 million tonnes, which is 2.2% higher than the figure recorded 2018/19 Mr and only 600 thousand tons inferior record level 2017/18 MG. Most stocks will decrease in China – from 4.7 million tons.

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