last release: October 2018
Supply & Demand
2017/18 | 2018/19 | ||
|---|---|---|---|
estimate | 6 Sep | 4 Oct | |
Production | 756.9 | 721.8 | 722.4 |
Supply | 1012.0 | 995.4 | 995.5 |
Utilization | 737.6 | 740.9 | 741.0 |
Trade | 176.7 | 173.6 | 174.0 |
Ending Stocks | 273.1 | 252.3 | 255.5 |
in million tonnes | |||
- Wheat production in 2018 raised slightly but still well below last year’s record.
- Utilization in 2018/19 to expand despite a reduction in feed use of wheat.
- Trade in 2018/19 (July/June) heading for a small decline though US exports are expected to increase, compensating for lower shipments by other major exporters.
- Stocks (ending in 2019) revised upwards on higher inventories in Australia and the Russian Federation, but still well below their record high opening levels.