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Global wheat production to reach record 705.4m tonnes

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Staff writer ▼ | August 15, 2013
In the Agricultural Supply and Demand Estimates report, the U.S. Department of Agriculture has tipped a record wheat crop of 705.4 million tonnes, boosted by extra production in Kazakhstan, the Ukraine and the European Union.
Global wheat
Global wheatIn the Agricultural Supply and Demand Estimates report, the U.S. Department of Agriculture has tipped a record wheat crop of 705.4 million tonnes, boosted by extra production in Kazakhstan, the Ukraine and the European Union.


The World Agricultural Supply and Demand Estimates (WASDE) reports forecast is a 7.6 million tonne increase from the July estimate. The USDA increased its estimate of Kazakhstan's crop by 2.5 million tonnes to 17 million tonnes and the Ukrainian crop by two million tonnes to 21.5 million tonnes as a result of good spring and summer rains.

The European Union wheat crop was increased by 2.8 million tonnes to 141.4 million tonnes, with most of the rise as a result of good crops in Spain, France and Germany and to a lesser degree in Romania, Bulgaria and Hungary.

Australia can expect more competition in the wheat market, with most of the extra production from Kazakhstan, the Ukraine and the European Union expected to be exported.

China is forecast to take one million tonnes of the extra global production, boosting its imports to 9.5 million tonnes.

Australian wheat production was left unchanged at 25.5 million tonnes and exports remained at 19 million tonnes.

The USDA reduced its estimate of the US corn crop by 4.8 million tonnes to 349.6 million tonnes. The US crop will still be a record, easily surpassing the 332.6 million tonne crop of 2009-10. Corn ending stocks were reduced by 3.1 million tonnes as a result to 46.7 million tonnes.


 

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