last release: June 2018
Supply & Demand
2017/18 | 2018/19 forecast | ||
|---|---|---|---|
estimate | 3 May | 7 Jun | |
Production | 757.2 | 746.6 | 754.1 |
Supply | 1010.8 | 1024.0 | 1031.5 |
Utilization | 738.6 | 743.3 | 743.5 |
Trade | 174.2 | 174.1 | 175.0 |
Ending Stocks | 277.4 | 279.0 | 283.4 |
in million tonnes | |||
- Wheat production forecast for 2018 raised but still below 2017 despite increases to forecasts for several major producers, including Argentina and India.
- Utilization to grow by 1.0 percent in 2018/19, supported by rises in feed and food use.
- Trade in 2018/19 (July/June) to exceed the 2017/18 record volume with higher sales from the EU, the Russian Federation and the US more than compensating for declines in exports from Argentina and Ukraine.
- Stocks (ending in 2019) to reach a new record, driven by build-ups in China and India.