AMIS > Market monitor > Wheat

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AMIS Market Monitor

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.