last release: July 2019
Supply & Demand
2018/19 | 2019/20 | ||
|---|---|---|---|
estimate | 6 Jun | 4 Jul | |
Production | 730.2 | 769.5 | 770.8 |
Supply | 1011.0 | 1037.9 | 1037.4 |
Utilization | 747.1 | 755.0 | 758.4 |
Trade | 169.7 | 174.0 | 173.8 |
Ending Stocks | 266.6 | 280.8 | 278.5 |
in million tonnes | |||
- Wheat production forecast for 2019 increased slightly, mostly due to upward revision in India more than offsetting a cut in Pakistan.
- Utilization in 2019/20 raised, now up 1.5 percent from 2018/19, supported by improved production prospects and higher use of wheat for animal feed in place of maize.
- Trade in 2019/20 (July/June) points to a rebound from the 2018/19 reduced level, underpinned by stronger import demand in Africa and Asia.
- Stocks (ending in 2020) reduces, largely reflecting lower expected inventories in China and the US more than offsetting the higher forecast for Australia.