In 2023-24 MY, the world's durum wheat harvest will decrease to a 20-year minimum

Published 2023년 11월 8일

Tridge summary

The global durum wheat harvest for the upcoming year is expected to be at a 20-year low due to unfavorable weather conditions in many producing countries, according to the Russian Ministry of Agriculture. The forecast predicts a decrease in harvest across various regions, including North America, North Africa, and France. As a result, there is increased demand for durum wheat in the international market, prompting the Russian Ministry of Agriculture to consider implementing a temporary ban on durum wheat exports to protect domestic needs.

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Original content

The global durum wheat harvest from July 1, 2023 to June 30, 2024 will be reduced to a 20-year low due to unfavorable agrometeorological conditions in the vast majority of producing countries. The press service of the Russian Ministry of Agriculture reported this to TASS. “According to forecasts, it will be less than 31.3 million tons, which is 7-8% lower than the previous season,” the Russian agricultural department predicted. According to the forecast, the harvest in North America will decrease by 20%, including in Canada - by 30%, the USA - by 7%, Mexico - by 4%, in North Africa - by 11%, including in Algeria - by 11 %, Tunisia - by 53%, in France - by 6%, in Kazakhstan - by 38%. At the same time, the Ministry of Agriculture of the Russian Federation informs that, in connection with this, there is currently an increased demand for durum wheat on the foreign market. Therefore, the Ministry of Agriculture plans, taking into account the global demand for durum, to increase the ...

Source: Agrosektor