Global grain stocks are at an 8-year low, and wheat consumption is at an all-time high

The International Grains Council (IGC) raised its forecast for grain stocks in 2023-2024 in August. up to 584 million tons. This is the lowest figure since 2014-2015, experts say. essence According to the study, stocks of wheat fell sharply on an annualized basis. Barley stocks are the lowest in 28 years. Stocks of corn are growing at the expense of the United States. A reduction of 7 million tons of world rice stocks is predicted. Stocks of lentils will remain at the same level - 1.5 million tons. Soybean reserves are about 54 million tons (an increase of the forecast by 2 million tons). The grain harvest will amount to 2 billion 294.1 million tons in 2023-2023. Wheat - 784.1 million tons. The MSZ forecast for grain harvest in the Russian Federation is growing to 84.4 million tons (almost 1 million tons). 56.6 million tons of Russian grain will be exported, the document says. Context The International Grains Council (IGC) forecasts wheat consumption to peak in 2023-2024. The ...