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AMIS Market Monitor

last release: June 2018

Supply & Demand

2017/18

2018/19 forecast

estimate

3 May

7 Jun

Production

757.2

746.6

754.1 

Supply

1010.8

1024.0

1031.5

Utilization

738.6

743.3

743.5

Trade

174.2

174.1

175.0

Ending Stocks

277.4

279.0

283.4

in million tonnes

  • Wheat production forecast for 2018 raised but still below 2017 despite increases to forecasts for several major producers, including Argentina and India.
  • Utilization to grow by 1.0 percent in 2018/19, supported by rises in feed and food use.
  • Trade in 2018/19 (July/June) to exceed the 2017/18 record volume with higher sales from the EU, the Russian Federation and the US more than compensating for declines in exports from Argentina and Ukraine.
  • Stocks (ending in 2019) to reach a new record, driven by build-ups in China and India.