IGC put world grain production record high in 2021/22

International Grains Council (IGC) experts project the world grain production in the 2021/2022 season at 2,287 mln t.

Analysts expect grain production to rise by 62 mln t or 3% next season, including new highs in wheat and corn.

Increased food, feed and industrial uses are seen lifting total consumption by 54 mln t YoY, to 2,286 mln t. At 609 mln t at the end of 2021/22, global stocks are projected to be unchanged YoY. Including reduced shipments of wheat and barley, global trade is seen declining by 6 mln t YoY, to 410 mln t.

IGC experts revised upward the world wheat production forecast for 2021/22 by 15.4 mln t, up to 790 mln t, 2% higher than the previous season's level (774 mln t). At the same time, analysts reduced the forecast for global wheat exports in 2021/22 by 6 mln t to 184 mln t.

Wheat production and export projection for 2021/22:

At 609 mln t at the end of 2021/22, global stocks are projected to be unchanged YoY. Including reduced shipments of wheat and barley, global trade is seen declining by 6 mln t YoY, to 410 mln t. World wheat stocks are expected at 304.3 mln t, 12 mln t higher YoY (2020/21 forecast: 292.3 mln t).

As of Mar. 24, staple grains export from Ukraine made up 34.45 mln t. Since the start of 2020/21, grain export shipment is 22.58% lower YoY.

Learn more:

• TOP 10 Importing Countries of Ukrainian Grain in 2020
• Wheat Exporters from Ukraine in 1H 2020
• Corn Exporters from Ukraine in 1H 2020

Infographic Report 2019/20

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