News
04.07.2012
IGC again cuts global wheat crop outlook, raises corn
The International Grains Council Monday downwardly revised its estimate for world wheat output in 2012-13, by 6 million metric tons to 665 million tons, due to unfavorable conditions in some countries including a further deterioration in crop expectations in Russia.
Global maize production in 2012/13 was upwardly revised by 4 million tons to a record 917 million mainly reflecting an improved outlook in China and India.
WORLD ESTIMATES, million tons
|
|
08/09 |
09/10 |
10/11 |
11/12 est |
12/13 forecast |
|
|
|
|
|
|
|
24.05 |
02.07 |
|
WHEAT |
|
|
|
|
|
|
|
Production |
685 |
679 |
653 |
695 |
671 |
665 |
|
Trade |
137 |
128 |
126 |
144 |
136 |
135 |
|
Consumption |
645 |
653 |
658 |
689 |
681 |
682 |
|
Carryover stocks |
173 |
199 |
194 |
199 |
191 |
182 |
|
year/year change |
+41 |
+26 |
-5 |
+5 |
|
-17 |
|
Major exporters a) |
69 |
78 |
72 |
71 |
62 |
58 |
|
MAIZE (CORN) |
|
|
|
|
|
|
|
Production |
800 |
820 |
829 |
868 |
913 |
917 |
|
Trade |
84 |
86 |
93 |
94 |
102 |
103 |
|
Consumption |
784 |
821 |
844 |
871 |
902 |
910 |
|
Carryover stocks |
150 |
149 |
133 |
129 |
141 |
137 |
|
year/year change |
+16 |
-1 |
-16 |
-4 |
|
+8 |
|
TOTAL GRAINS* |
|
|
|
|
|
|
|
Production |
1802 |
1800 |
1753 |
1842 |
1873 |
1868 |
|
Trade |
250 |
240 |
243 |
265 |
265 |
265 |
|
Consumption |
1731 |
1770 |
1786 |
1844 |
1871 |
1876 |
|
Carryover stocks |
374 |
404 |
370 |
369 |
373 |
360 |
|
year/year change |
+71 |
+30 |
-34 |
-1 |
|
-9 |
|
Major exporters a) |
159 |
172 |
138 |
125 |
135 |
126 |
a) Argentina, Australia, Canada, EU, Kazakhstan, Russia, Ukraine, United States
* Wheat and coarse grains
Source: IGC
