FAO lowers global wheat production forecast in 2024/2025 to 791 million tons

Published 2024년 5월 6일

Tridge summary

The FAO has revised down its forecast for global wheat production in 2024/2025 from the previous month, now projecting it to be 791 million tons, a slight increase from the previous year but with a decrease of 4% from the previous season. This is due to reduced planting in the EU and dry conditions in Russia. However, improved weather in March and early April may mitigate some of the yield losses. The organization also notes a decrease in Ukraine's wheat production due to the war. In contrast, the FAO has increased its forecast for global cereal production in 2023/2024 to 2,846 million tons, a 1.2% increase from the previous year, largely due to revisions in historical production figures in Myanmar and official estimates in Pakistan.

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Original content

Global wheat production in 2024/2025 has been reduced from the previous month's forecast. According to the FAO information note on cereal supply and demand, published on May 3, it could be 791 million tons. With this figure, the FAO continues to predict that world wheat production in 2024/2025 will exceed that of 2023/2024, although by a smaller margin of around 0.5%. The recent downward revision is due to the latest official data from the European Union, which indicates a greater decline in wheat planting than previously expected. However, overall weather conditions improved in March and early April, helping to bolster yield prospects. Total wheat production in 2024/2025 is estimated at 128.4 million tonnes, which represents a year-on-year decrease of around 4%, according to the FAO. Likewise, the organization highlights that "the recent lack of rainfall in Russia has caused some dryness in the main southern producing areas, which has led to a slight reduction in the production ...

Source: Agropopular