last release: Sep 2017
Supply & Demand
2016/17 | 2017/18 forecast | ||
|---|---|---|---|
estimate | 6 Jul | 7 Sep | |
Production | 760.3 | 739.9 | 748.8 |
Supply | 981.7 | 987.0 | 996.0 |
Utilization | 731.8 | 727.7 | 730.9 |
Trade | 175.8 | 171.8 | 174.7 |
Ending Stocks | 247.3 | 255.8 | 261.9 |
in million tonnes | |||
- Wheat production in 2017 raised by almost 9 million tonnes, reflecting this month’s significant upward revisions mostly in the Russian Federation.
- Utilization in 2017/18 to approach the 2016/17 estimated record level as large global supplies stimulate food consumption.
- Trade forecast in 2017/18 (July/June) lifted by almost 3 million tonnes on stronger import demand particularly in Brazil and India.
- Stocks (ending in 2018) to hit an all-time high with the latest forecast 6 million tonnes higher than in July on expectation of bigger inventories in the Russian Federation.