last release: April 2019
Supply & Demand
2017/18 | 2018/19 | ||
|---|---|---|---|
estimate | 7 Mar | 4 Apr | |
Production | 759.9 | 728.3 | 730.9 |
Supply | 1022.0 | 1003.6 | 1011.8 |
Utilization | 739.5 | 741.8 | 748.1 |
Trade | 176.8 | 171.0 | 170.5 |
Ending Stocks | 280.9 | 264.7 | 267.0 |
in million tonnes | |||
- Wheat production in 2018 revised upward based on a new estimate for China, but still down 3.8 percent from the 2017 record mostly because of sharp projected reductions in Australia and the Russian Federation.
- Utilization in 2018/19 raised on a higher estimate for China and the Russian Federation; up 1.2 percent from 2017/18, driven by firm demand in Asia.
- Trade in 2018/19 (July/June) nearly unchanged m/m; down 3.6 percent from 2017/18 on lower anticipated shipments to several countries in North Africa as well as in Asia.
- Stocks (ending in 2019) scaled up m/m but still down 14 million tonnes from the record opening, mostly on sharp expected drawdowns in the EU and the Russian Federation.