World wheat production 2021/22 forecasted slightly lower in IGC July report
In its July report, the International Grains Council (IGC) forecasts the world wheat production at 788 mln t, 1 mln t down from its June forecast. The forecasted wheat production in 2021/22 is 2%, 15 mln t, higher YoY (2020/21 est.: 773 mln t).
The world wheat trade in 2021/22 is projected 1.6%, 2 mln t, up on the previous season (2020/21 est.: 190 mln t).
Wheat production and trade in 2021/22 (vs. 2020/21):
| Country | Harvest, mln t | Trade, mln t |
| Argentina | 20.3 (+2.7) | 14 (+4) |
| Australia | 28.9 (-4.4) | 20.5 (-2.3) |
| Canada | 28.5 (-6.7) | 20 (-7) |
| EU | 137.7 (+13.2) | 33.6 (+3.05) |
| Kazakhstan | 12.5 (-1.8) | 6.5 (-1.3) |
| Russia | 81 (-4.4) | 38.1 (-0.5) |
| Ukraine | 29.5 (+4.1) | 20.9 (+4) |
| USA | 47.5 (-2.2) | 23.8 (-3.2) |
The world wheat consumption forecast for 2021/22 remained unchanged at 787 mln t, 18 mln t or 2.34% higher than the 770 mln t forecast for 2020/21.
As reported, carryover stocks in 2021/22 are forecast at 280 mln t, 1 million t above 2020/21 (279 mln t), and 3 mln t below the June forecast.
Wheat production in Ukraine as of 29 July reached 16.93 mln t on 55% of the proj. areas.
