World wheat production is forecast to reach a record 784 million tonnes in 2022/23,

15.11.2022 19:38 "Agro Perspectiva" (Kyiv) — World wheat production is forecast to reach a record 784 million tonnes in 2022/23, buoyed by significant harvest recoveries in Canada and the Russia Federation. That should push global wheat inventories to record levels, although the report notes that the accumulations are expected mostly in China and the Russian Federation, while stock levels are predicted to drop by 8 percent in the rest of the world.

Coarse grain inventories are forecast to fall to their lowest levels since 2013 due to inventory drawdowns in major countries as a result of anticipated declines in production. Global coarse grain production is forecast to fall by 2.8 percent in 2022, to 1 467 million tonnes. While it will likely drop in 2022/23, world rice output is envisaged to remain at an overall average level, buoyed by resilient planting levels in Asia and recovering output in Africa.

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