IGC - International Grains Council

IGC analysts have raised their forecast for global wheat production in 2022/23


The IGC analysts forecast an increase in the August report wheat production in 2022/23 to 778 million tons, compared to 770,2 million tons according to the preliminary forecast, which is however below the value of 2021/22 (781 million tons).

In particular, experts have the prognosis for the grain harvest in Australia increased to 31 (30,6; 36,3) million tonnes, Canada to 33 (32,4; 21,7) million tonnes, Kazakhstan to 13,7 (13,2); 11,8 million tons, Russia to 87,6 (85,2; 75) million tons, USA to 48,5 (48; 44,8) million tonnes and also in China to 138 (135; 136), 9) million tonnes.

At the same time, the experts have slightly lowered the forecast for global wheat exports in 2022/23 - to 192,8 million tons compared to 193,9 million tons according to the July forecast (196,7 million tons in 2021/22). A downward correction was carried out for Argentina - to 13 (14; 15,5) million tonnes, Australia to 24,2 (24,7; 26,5) million tonnes, the EU to 37,4 (39,4); 31,9 million tons and the Russian Federation to 36,6 (37,6; 33,1) million tons. At the same time, the forecast for Kazakhstan was increased to 8,3 (7,8; 8,2) million tons, Ukraine to 13 (10; 18,9) million tons and the USA increased to 22,3 (22; 22), 1) million tons.

The IGC experts have increased the forecast for global final wheat reserves for 2022/23 to 274,9 million tons, compared to 272,2 million tons according to the preliminary forecast, which, however, is below the result for 2021/22 (279,6 million tons). . In particular, the assessment of reserves in Canada was increased to 4,7 (4,3; 3,7) million tons, the Russian Federation to 17,3 (14,6; 11,3) million tons, the USA on 16,7 (16), 5; 18) million tons and the People's Republic of China to 137,5 (135,5; 133,3) million tons. The downward revision was made for Ukraine to 5,9 (8,2; ​​7,2) million tonnes, India to 15,2 (17,2; 19,5) million tonnes, the EU to 11,4 (11,7). ) 17) million tons and Canada to 4,7 (4,3; 3,7) million tons.

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