IGC has again increased the forecast of production of corn and soybeans in 2018/19 Mr

2018-09-28 12:04:29
Machine translation
IGC has again increased the forecast of production of corn and soybeans in 2018/19 Mr

Experts CIG in the September report increased the forecast of wheat production in 2018/19 MG of 1 million tonnes to 717 million tonnes, which is 5.4% to give the record crop of the previous season, and is 3% less than the average 5-year index.


compared with the August report, the forecast world wheat trade would be reduced by 1 million tonnes to 173 million tonnes, 1.8 percent to give the index of the last MG.


Estimation of global consumption of wheat left at 734 million tonnes, just 0.2 percent less than last season.


the Forecast of ending stocks of wheat have increased by 2 million tonnes to 250 million tonnes, which will become the second most important figure in the history, and 6.4% less than the record stocks 2017/18 MG.


assessment of the global corn crop has increased by 10 million tons to 1.074 billion tons, which is 2.8% higher than the harvest last season and will be the second figure in the history after a record 2016/17 MG.


the trading Volume of corn in the world will grow by 1 million tonnes to 157 million tonnes and by 3.3% over the season 2017/18.


the Forecast of world consumption of corn increased by 8 million tons to a record 1,113 billion tonnes, which is 3.2% more compared to the previous MG.


assessment of the amount of world corn ending stocks increased by 5 million tonnes to 261 million tonnes will be the lowest rate with the 2013/14 marketing year and 13% lower than the level of the 2017/18 season.


Forecast soybean production countries in the world increased by 4 million tons to a record 370 million tons, which is 9.1% above the previous harvest season.


the Volume of world trade in soybeans will increase by another 1 million tons and 0.6% higher than in the previous MG.


the Consumption of soybeans in the world will also increase by 1 million tons to a record 358 million tonnes (up 3.7% over the previous season), and ending stocks will rise by 1 million tonnes to the largest in the history of 52 million tons (+26.8 per cent for the season 2017/18).

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