last release: October 2020
Supply & Demand
2019/20 | 2020/21 | ||
|---|---|---|---|
estimate | 3 Sep | 8 Oct | |
Production | 761.6 | 760.1 | 764.9 |
Supply | 1032.7 | 1036.6 | 1039.7 |
Utilization | 751.0 | 756.1 | 756.6 |
Trade | 184.2 | 181.5 | 184.5 |
Ending Stocks | 274.7 | 282.2 | 284.8 |
in million tonnes | |||
- Wheat production forecast for 2020 now points to a new record following this month’s upward revisions in Australia, the EU, and the Russian Federation.
- Utilization in 2020/21 expected to grow at slightly faster pace than projected earlier, supported by stronger feed use in China.
- Trade in 2020/21 (July/June) scaled up m/m on more brisk import demand, especially by China and Egypt.
- Stocks (ending in 2021) lifted by almost 3 million tonnes following this month’s upwards revisions in the EU, the Russian Federation, and Ukraine.