The USDAAnalysts announced their global forecast in November wheat production in 2022/23 slightly to 782,6 million Tonnen increased, compared to 781,7 million tons, which also exceeds for the 2021/22 season (779,4 million tons).
In particular, experts have the prognosis for the grain harvest in Australia to 34,5 million tonnes compared to 33 million tonnes in October (36,3 million tonnes last season); and in Brazil to 9,4 (9,2; 7,7) million tonnes, in Kazakhstan to 14 (13 ; 11,8) million tonnes and increased to 15,4 (14,6; 13,9) million tonnes in the UK. Conversely, the forecast for Argentina was lowered to 15,5 (17,5; 22,1) million tonnes and for the EU to 134,3 (134,7; 138,3) million tonnes.
The forecast for global wheat exports for the current season has been lowered to 206,5 million tons, compared to 207,7 million tons in October, but higher than in 2021/22 (205,1 million tons). Thus, analysts reduced the forecast for grain exports from Argentina to 10 (12,5; 17,6) million tons, India to 3 (4; 10,5) million tons, while the forecast for Australia to 27 (26; 26) million tons and increased to 9 (8; 8,4) million tons for Kazakhstan.
The forecast for 2022/23 global wheat reserves is 267,8 million tons, slightly higher than the preliminary forecast (267,5 million tons) but worse than the result of the previous season (276,3 million tons).
The forecast has been raised to 12 (11,5; 19,5) million tonnes for India and for the USA to 15,5 (15,6; 18,2) million tonnes and for the EU to 9,5 (9,9; 13,4) million tonnes.