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AMIS Market Monitor

last release: October 2020

Supply & Demand

2019/20

2020/21 

estimate

3 Sep

8 Oct

Production

761.6

760.1

764.9

Supply

1032.7

1036.6

1039.7

Utilization

751.0

756.1

756.6

Trade

184.2

181.5

184.5

Ending Stocks

274.7

282.2

284.8

in million tonnes

  • Wheat production forecast for 2020 now points to a new record following this month’s upward revisions in Australia, the EU, and the Russian Federation.
  • Utilization in 2020/21 expected to grow at slightly faster pace than projected earlier, supported by stronger feed use in China.
  • Trade in 2020/21 (July/June) scaled up m/m on more brisk import demand, especially by China and Egypt.
  • Stocks (ending in 2021) lifted by almost 3 million tonnes following this month’s upwards revisions in the EU, the Russian Federation, and Ukraine.