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.