This report will influence global grain prices: June production forecasts are lower

게시됨 2024년 6월 13일

Tridge 요약

The USDA has reported a significant decrease in the global wheat production forecast, attributed to adverse weather conditions in key producing countries like Russia, Ukraine, and the EU, causing a drop in supplies to 1.050 billion tonnes. This reduction, along with a decrease in global consumption of 4.3 million tonnes due to lower feed use in Europe, has resulted in a decline in world trade expectations. The EU, in particular, faces a significant reduction in global ending stocks for 2024/25, largely due to prolonged wet weather in France. Additionally, the USDA forecasts a slight decrease in global production of feed grains, largely due to changes in corn production areas in Ukraine and Russia, and a reduction in global barley production, with some offsetting increases in Australia.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

World wheat market The USDA forecasts production to decline by 7.44 million tonnes to 790.75 million tonnes, with supplies reduced by 5.7 million tonnes to 1.050 billion tonnes, with significant production cuts in Russia, Ukraine and the EU only partially offset by larger initial wrestling in the world. Production for Russia was cut overall for winter wheat by 5.0 million tonnes to 83.0 million tonnes as hot and dry weather lowered crop prospects after May frosts. In Ukraine, production was reduced by 1.5 million tonnes to 19.5 million tonnes due to similar hot and dry weather conditions. The EU forecast was lowered from 1.5 million tonnes to 130.5 million tonnes after prolonged wet weather in France reduced crop potential. Global wheat consumption fell by 4.3 million tonnes to 798.0 million tonnes, mainly due to lower feed use in the EU, Russia and Ukraine. As global supplies tighten and prices rise, wheat for feed becomes less competitive in some countries. World trade is also ...

출처: Farmer.pl