Monday, 13 May 2013
Global wheat production to reach a
record 701 million tons in 2013/2014
United States Department of Agriculture published global wheat production and consumption forecast in 2013/2014.
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- Global wheat production is projected to reach a record 701 million tons, up 47 million from 2012/13.
- Production in the Black Sea region is expected to increase in comparison to last year’s drought impacted crop.
- Production in the Middle East and
- North Africa is also estimated at higher levels than last year.
- Global consumption is forecast 20 million tons higher to 695 million tons as a result of population growth, increased per capita consumption, and higher animal feeding.
- Global ending stocks are forecast to rise 6 million tons to 186 million; stocks in the United States are expected to drop, whereas most other exporter stocks (except India) are expected to grow slightly.
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