News 193 views last update:6 Aug 2012

Actual prognoses of global wheat harvest

Every month the International Grains Council (IGC) and the US Department of Agriculture (USDA) reveal their prognoses regarding global wheat production.

USDA in mid November has adjusted their estimate on global wheat production for the 2007/08 season with 2.8 million tonnes up to 603.3 million tonnes. Wheat in storage estimate was also adjusted with the same amount to 109.8 million tonnes. The backgrounds for these optimistic estimates are that Argentina and China each expect to harvest one million tonne of wheat more than with the previous estimate.

The estimated wheat harvest for Australia has been lowered with 0.5 million tonnes to 13 million tonnes.

IGC calculates more wheat
The International Grains Council in its monthly estimate end October has calculated that wheat stocks will be somewhat higher than in September. IGC adjusted its projections to 602 million tonnes (2006/07: 590 mt) due to a higher than expected harvest in Eastern Europe.

But also in Argentina more wheat is expected to be harvested than previously estimated. Total volume in the EU-27 is set at 120.8 million tonnes.

(source: ZMP)

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