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AMIS Market Monitor

last release: December 2018

Supply & Demand

2017/18

2018/19 

estimate

1 Nov

6 Dec

Production

760.3

727.9

725.1

Supply

1015.4

1004.7

1001.9

Utilization

738.0

740.1

739.6

Trade

176.2

173.2

172.5

Ending Stocks

276.7

264.4

264.5

in million tonnes

  • Wheat production forecast lowered slightly, mostly on downward revisions in the Russian Federation and Turkey.
  • Utilization in 2018/19 lowered marginally following a further downgrading of prospects for feed use of wheat.
  • Trade in 2018/19 (July/June) lowered due to smaller expected imports in north Africa; exports from Argentina and the Russian Federation are trimmed since last month.
  • Stocks (ending 2019) almost unchanged m/m but 4.4 percent below their record high opening levels, driven by drawdowns among the major wheat exporters.