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AMIS Market Monitor

last release: April 2019

Supply & Demand

2017/18

2018/19 

estimate

7 Mar

4 Apr

Production

759.9

728.3

730.9

Supply

1022.0

1003.6

1011.8

Utilization

739.5

741.8

748.1

Trade

176.8

171.0

170.5

Ending Stocks

280.9

264.7

267.0

in million tonnes

  • Wheat production in 2018 revised upward based on a new estimate for China, but still down 3.8 percent from the 2017 record mostly because of sharp projected reductions in Australia and the Russian Federation.
  • Utilization in 2018/19 raised on a higher estimate for China and the Russian Federation; up 1.2 percent from 2017/18, driven by firm demand in Asia.
  • Trade in 2018/19 (July/June) nearly unchanged m/m; down 3.6 percent from 2017/18 on lower anticipated shipments to several countries in North Africa as well as in Asia.
  • Stocks (ending in 2019) scaled up m/m but still down 14 million tonnes from the record opening, mostly on sharp expected drawdowns in the EU and the Russian Federation.