USDA: Global wheat crop foprecast is raised for 2017 – 2018 by 5 million tonnes

14 Aug, 2017
USDA: Global wheat crop foprecast is raised for 2017 – 2018 by 5 million tonnes
USDA: in 2017 – 2018 the global wheat crop will reach 743.2 million tonnes by 5.4 million tonnes more than the July estimate, but by 11.7 million tonnes less than in 2016 – 2017.

Growth of the indicator is at the expense of Russia to 77.5 million tonnes (72 and 72.5), Ukraine 26.5 million tonnes (24 and 26.8) and Kazakhstan 14 million tonnes (13 and 14.9). Meanwhile, crop in the EU is reduced to 149.6 million tonnes (150 and 145.6), and the US to 47.3 million tonnes (47.8 and 62.8 tonnes).

Global wheat export rose by 1.5 million tonnes to 182.3 million tonnes, or 0.5 million tonnes more than 2016-2017. For Russia - to 31.5 million tonnes (30.5 and 27.8), Ukraine from 2 million tonnes to 16 million tonnes (14 and 18), and Kazakhstan to 7.5 million tonnes (7 and 6.75).

Global ending stocks of wheat are estimated at 264.7 million tonnes (260.6 and 258.6), with the indicator raised for Russia, China and the US, but lowered for the United States.