Wheat

USDA has raised forecast for global wheat production from the Black Sea region


The USDAAnalysts have given the forecast for the world in September wheat production 2022/23 to 783,9 million Tonnen increased, compared to the August forecast of 779,6 million tonnes, which is also above the 2021/22 result (779,9 million tonnes), due to increased adjustments for the Black Sea region.

In particular, experts have the prognosis for the grain harvest in the current season in Russia to 91 (88; 75,5) million tons and in Ukraine to 20,5 (19,5; 33) million tons.

The forecast for global wheat exports has been raised slightly - to 208,4 (208,1 million; 205,2 million tons), while the experts for the main grain exporting countries have made no adjustments.

The forecast for 2022/23 global grain stocks has been raised to 268,5 million tonnes from 267,3 million tonnes in August, but below the figure for the 2021/22 season (275,6 million tonnes).

Thus, the estimate for Argentina was 4,9 (4,8; 4,4) million tons, the Russian Federation at 15,4 (14,4; 11,1) million tons and Ukraine at 4,7 (4,2, 5,8; 9,5) million tons increased. At the same time, the forecast for the EU was lowered to 10,2 (13,4; ) million tons.

All news
×