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AMIS Market Monitor

last release: July 2022

Supply & Demand

2021/22

2022/23

estimate

2 Jun

7 Jul

Production

778.3

770.8

770.3

Supply

1070.3

1067.4

1069.9

Utilization

773.2

768.6

770.6

Trade

193.2

188.9

190.6

Ending Stocks

299.6

297.8

299.3

in million tonnes

  • Wheat production forecast for 2022 trimmed m/m with lower production prospects in the EU and, to a lesser extent, Argentina and Iraq outweighing upward revisions for Australia, Canada, and Russia.
  • Utilization in 2022/23 raised m/m but still expected to decline from the 2021/22 estimated level given a likely contraction in demand for both feed and industrial use.
  • Trade 2022/23 (July/June) forecast lifted mostly on greater demand from Asia, and larger shipments expected from Australia and Russia, but still pointing to a slight contraction from 2021/22.
  • Stocks (ending in 2023) adjusted upwards m/m and forecast to remain near opening levels as anticipated build-ups in Canada, China, Russia, and Ukraine counter drawdowns in Australia, the EU, India, and Morocco.