The world wheat market in MY 2025/26 will reach record levels — IGS

According to the International Grains Council (IGC), the world wheat harvest in MY 2025/26 will reach a record 819 million tons, compared to 800 million tons in the previous season. A significant contribution to the growth is provided by the EU with a forecast of 140.4 million tons (+18%), Russia – 85 million tons (+5%) and Canada – 36.6 million tons (+2%). At the same time, Ukraine maintains production at the level of 25 million tons, and Australia, despite the expected reduction in the harvest by 1%, has increased its forecast to 33.8 million tons. World wheat consumption is also growing and will reach 819 million tons in the current season, which is 2% more than last year. The growth in feed use is particularly noticeable – up to 155 million tons, 3 million tons more than in the previous season. The geography of demand is shifting towards Asia and Africa: sub-Saharan Africa imports a record 30.7 million tonnes, Mexico sets a historic high of 6.6 million tonnes, and Brazil buys ...