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AMIS Market Monitor

last release: March 2017

Supply & Demand

2015/16

2016/17 forecast

estimate

2 Feb

2 Mar

Production

735

758

758

Supply

947

984

983

Utilization

714

736

739

Trade

167

171

172

Ending Stocks

225

245

240

in million tonnes

  • Wheat output estimate for 2016 unchanged from February at an all-time high. Early prospects point to a decrease in global wheat production (not shown in the table) in 2017 but still an above-average crop.
  • Utilization in 2016/17 raised by 2.4 million tonnes, mostly reflecting upward adjustment to post-harvest loss estimates for the 2016 wheat crop in India.
  • Trade forecast for 2016/17 (July/June) lifted slightly on upward adjustments to projected imports by Bangladesh and Viet Nam.
  • Stocks (ending in 2017) lowered by 5.4 million tonnes, mostly reflecting this month’s downward adjustments in India and the US.