last release: April 2018
Supply & Demand
2016/17 | 2017/18 | ||
|---|---|---|---|
estimate | 1 Mar | 5 Apr | |
Production | 759.6 | 757.0 | 757.4 |
Supply | 990.0 | 1006.7 | 1009.7 |
Utilization | 733.9 | 733.6 | 736.4 |
Trade | 176.6 | 173.5 | 173.8 |
Ending Stocks | 252.0 | 272.7 | 272.0 |
in million tonnes | |||
- Wheat production in 2017 revised up slightly; now just marginally (0.3 percent) below the 2016 record.
- Utilization in 2017/18 raised further mainly reflecting higher-than-earlier projected industrial use in the EU and feed use in the Russian Federation.
- Trade in 2017/18 (July/June) almost unchanged from last month with significant upward adjustment to exports from the Russian Federation nearly offsetting lower anticipated shipments from other exporters, in particular from the EU.
- Stocks (ending in 2018) slightly down from the previous forecast but still at an all-time high.