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Record Global Wheat Production
13.05.2019 14:20 "Agro Perspectiva" (Kyiv) —
According to the report of the USDA Grain: World Markets and Trade (May 2019), global production is forecast at a record 777 million tons, rebounding 46 million from last year. Production among the top exporting countries is projected up a combined total of 34 million tons as nearly all are expecting larger crops. EU wheat production is forecast up about 17 million tons from last year’s crop. Australia is expected to have a larger crop after experiencing drought in back-to-back years. Russia and Ukraine are also expected to have larger crops based on good winter conditions in both countries. Argentina and Canada are both expected to have larger crops based on expanded area. U.S. production is also forecast up as higher projected yields more than offset a smaller harvested area. Kazakhstan is also expecting a smaller crop based on reduced area. Outside of the major exporting countries, production is also projected higher. China is up slightly at 132 million tons. India is up marginally to a record 100 million tons, which would be its third straight bumper crop. Pakistan and Turkey are projected up with higher yields in both countries. The world’s largest importer, Egypt, is expected to have a slightly bigger crop due to larger area. Key importers Algeria, Brazil, Ethiopia, and South Africa are all expected to have crops about the same size as last year. Favorable weather has led to expectations of a larger crop in Tunisia. On the other hand, dry conditions in Morocco have cut the expectations for that crop by nearly 3 million tons from the previous year.
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