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AMIS Market Monitor

last release: July 2017

Supply & Demand

2016/17

2017/18 forecast

estimate

8 Jun

6 Jul

Production

760.1

743.2

739.9

Supply

984.2

990.6

987.0

Utilization

713.9

728.3

727.7

Trade

174.2

171.0

171.8

Ending Stocks

247.1

257.4

255.8

in million tonnes

  • Wheat production forecast lowered, reflecting downward revisions mostly in Europe due to dry conditions. While falling by 2.7 percent y/y, global wheat production would still be the second highest on record.
  • Utilization in 2017/18 reduced, mainly on lower-than-earlier projected growth in feed use in the EU.
  • Trade forecast for 2017/18 (July/June) raised, reflecting stronger import demand, especially in several non-AMIS countries.
  • Stocks (ending in 2018) lowered on downward adjustments in Argentina and the EU; but still high thanks to a sharp anticipated y/y increase in China.