Wheat harvest forecast lowered, global supply tightness may be difficult to ease

Published 2022년 6월 13일

Tridge summary

The global wheat supply is under strain due to the war between Russia and Ukraine, high temperature weather, and increased prices of agricultural materials such as fertilizers. Several major wheat producing and exporting countries, including the EU, US, Russia, Australia, and India, have lowered their expected wheat production, making the outlook even more bleak. The EU is expected to see a nearly 5% decrease in wheat production this year due to drought and heatwave, while the US, Australia, and India have also seen reductions in production. The production cut is expected to lead to a reduction in exports from these countries.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

[The Epoch Times, June 14, 2022] (The Epoch Times Special Report Reporter Zhang Wan Comprehensive Report) Since the war between Russia and Ukraine, which account for 30% of global wheat exports, the world has been caught in a tight wheat supply. Recently, due to high temperature weather and Affected by factors such as rising prices of agricultural materials such as fertilizers, several major wheat producing and exporting countries (regions) have lowered their expected wheat production, making the wheat supply outlook even more bleak. According to data from the United Nations Food and Agriculture Organization, in 2021, wheat exports from the United States, the European Union, Russia, Australia and Ukraine will account for 80% of the world's total exports. As the Russian-Ukrainian war caused nearly 30% of Ukraine's winter wheat to fail to harvest, the expected wheat harvest in the EU, the United States, Australia and India this year is on a downward trend again. Affected by the ...

Source: Epochtimes