The International Grains Council indicates falling global grain stocks

Published 2024년 12월 12일

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The International Grains Council forecasts that global grain stocks for the 2024-25 marketing year will drop to a ten-year low due to consumption surpassing production increases. The IGC has revised total grain ending stocks, which include wheat, corn, and other grains, up by 8 million tonnes to 576 million, which is a 3.5% decrease from the previous year. The decrease in production, especially for barley and wheat, and an increase in consumption have contributed to this. Wheat and corn stocks are projected to decline year-on-year, while soybean stocks are expected to reach a record high. Total grain exports are predicted to fall by 8% year-on-year, and soybean production has been revised down but is still expected to increase by 6% year-on-year.

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Original content

(By Arvin Donley) With consumption outpacing year-over-year production increases, global grain ending stocks for the 2024-25 marketing year are expected to fall to a 10-year low, according to the International Grains Council (IGC). In its monthly grain market report released Nov. 21, the IGC revised total grain ending stocks (wheat, corn and other secondary grains) up 8 million tonnes to 576 million, a 3.5% decrease from a year earlier. “Grain production is now seen at 2.311 billion tonnes, down 4 million tonnes from last month, mainly due to downgraded estimates for barley and wheat,” the IGC said. “World consumption is projected to rise 4 million tonnes (from the previous month) with increases for feed, food and industrial uses.” Remaining wheat stocks are expected to fall by 9 million tonnes year-on-year, while corn stocks are expected to decline by 10 million tonnes. Total grain exports are expected to fall 8% year-on-year to 419 million tonnes, the IGC said. If realized, it ...

Source: Planetaarroz