IGC experts again raise global grain production forecast for 2025/26 MY and expect global stocks to increase for the first time in 10 years

In a May report, experts from the International Grains Council (IGC) raised their global grain production forecast for 2025/26 MY by 2 million tons to 2,375 million tons compared to April estimates, which will exceed the current season's harvest (2,310 million tons) by 2.8%, in particular, the corn production forecast is up to 1,274 million tons (1,223 million tons in 2024/25 MY). A significant increase in production is expected in the EU, Argentina and the USA. The forecast for global grain consumption has been reduced by 1 million tons to 2,372 million tons, which will exceed the 2024/25 MY figure by 2% (2,334 million tons), due to an increase in the use of soybeans for feed, industrial and food purposes. The estimate of world trade is increased by 4 million tonnes to 428 million tonnes (418 million tonnes in 2024/25 MY) due to increased wheat supplies. The forecast of world carrying stocks of grains is increased by 5 million tonnes to 585 million tonnes, which is 4 million ...