last release: July 2018
Supply & Demand
2017/18 | 2018/19 forecast | ||
|---|---|---|---|
estimate | 7 Jun | 5 Jul | |
Production | 756.8 | 754.1 | 736.1 |
Supply | 1,013.1 | 1,027.5 | 1,019.5 |
Utilization | 738.2 | 743.5 | 741.1 |
Trade | 173.5 | 175.0 | 175.0 |
Ending Stocks | 273.4 | 283.4 | 264.2 |
in million tonnes | |||
- Wheat production forecast for 2018 lowered, mostly on downward revisions in China, the EU, the Russian Federation and Ukraine.
- Utilization in 2018/19 reduced slightly following downward adjustments to feed, especially in Australia, Mexico and Ukraine.
- Trade in 2018/19 (July/June) virtually unchanged, supported by higher sales from the EU and the US more than compensating for lower shipments from Australia, the Russian Federation and Ukraine.
- Stocks (ending in 2019) trimmed sharply on downward adjustments in China, the EU and the Russian Federation.