According to the forecast of IGC, season 2017/18 MG wheat production will decrease by 17 million tons
According to forecasts of analysts IGC, world wheat production in the season 2017/18 MG will be 17 million tons less than the record of the current season and will be 735 million, which will become the third biggest figure in the history of observations.
This forecast due to favourable weather conditions that prevail in winter over most regions of the Northern hemisphere. "Only in certain areas of the US and Europe observed a dry and cold winter", - experts say.
next season significantly reduced the acreage under wheat. The lowest rate over the last 108 years for the United States will be offset by increased acreage in India, where due to the internal prices for wheat farmers give it a preference.
beginning stocks of wheat next season will be a record 225 million.