IGC analysts increased their forecast on grain production worldwide in 2016 – 2017 up to the record 2.1 billion tons versus 2.09 billion tons in itsmJanuary forecast and 2.01 billion tons in 2015 – 2016.
Bloomberg survey shows that 2016 – 2017 wheat yield in India will be 91 mln tons, which is 5.6 mln tons less than the official forecast by the country's Ministry of Agriculture and has been the poorest result since 2014 – 2015.
The Syrian National Grain Purchase Agency Hoboob has signed six contracts for the delivery of a total of 1.2 mln tons of wheat from Russia for the completion of the strategic stocks of the country.
On February 22, 2017, Egypt’s State Company GASC purchased 360,000 tons of milling wheat from Ukraine and Russia to be delivered between March 25 and April 4, 2017.
Canadian Ministry of Agriculture lowered its forecast on 2017 wheat production in the country by 0.5 mln tons versus 2016 down to 28.6 mln tons. Spring wheat production forecast was lowered by 3.12 mln tons.
