USDA predicts record wheat stocks at the end of next season
on Tuesday 10 may, the Ministry of CX, the United States announced its may forecast balance for the wheat season 2016/17 MG.
it is Expected that global supply of wheat to 19.4 million tons will exceed the value of the current season and will be 969,9 million. This increase is caused solely by carryover stocks, which at the start of next season will be at 26.37 million tone more.
World production of wheat in the season 2016/17 MG will be reduced by 7.06 million tons to the level 726,99 million.
due to food consumption in the next season at 4.88 million ton will increase world wheat consumption will be 712,56 million. The consumption of feed wheat according to experts will be reduced by 2.83 million and he will be 131,06 million.
the Import requirements in the world will be reduced to 4.34 million ton to the rate of 60.16 million.
the predicted reduction of world wheat exports by 2.95 million tons to the level 163,92 million.
Large beginning stocks of wheat will affect the end of the season, despite the decline in world grain production and increase its consumption. Forecast world ending stocks of wheat in the season 2016/17 MG increased by 14.43 million tons to a record 257,34 million.