last release: July 2017
Supply & Demand
2016/17 | 2017/18 forecast | ||
|---|---|---|---|
estimate | 8 Jun | 6 Jul | |
Production | 760.1 | 743.2 | 739.9 |
Supply | 984.2 | 990.6 | 987.0 |
Utilization | 713.9 | 728.3 | 727.7 |
Trade | 174.2 | 171.0 | 171.8 |
Ending Stocks | 247.1 | 257.4 | 255.8 |
in million tonnes | |||
- Wheat production forecast lowered, reflecting downward revisions mostly in Europe due to dry conditions. While falling by 2.7 percent y/y, global wheat production would still be the second highest on record.
- Utilization in 2017/18 reduced, mainly on lower-than-earlier projected growth in feed use in the EU.
- Trade forecast for 2017/18 (July/June) raised, reflecting stronger import demand, especially in several non-AMIS countries.
- Stocks (ending in 2018) lowered on downward adjustments in Argentina and the EU; but still high thanks to a sharp anticipated y/y increase in China.