World developments in wheat and India's ban

Published 2022년 5월 17일

Tridge summary

The article provides an overview of the global wheat market for the 2022-2023 season, highlighting the impact of the Ukraine conflict and India's decision to ban wheat exports. It discusses the adjusted production forecasts from major wheat-producing countries like India, the European Union, and Morocco, and provides insights into the global consumption and stock levels of wheat. It also notes changes in wheat imports and exports, with an increase in Russia's and Canada's exports, a decrease in Australia's, and a significant drop in occupied Ukraine's exports. The article also mentions the impact of these changes on international wheat prices and the reliance of countries like Egypt and Morocco on Ukrainian wheat.

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

Original content

Wheat production, consumption, import and export are in such a strategic position in the world that every decision taken affects billions of people. Due to the war, Ukraine cannot export its wheat from the ports. For this reason, African countries importing wheat from Ukraine are facing a major crisis. The prohibition of wheat export by India, which they had hoped for, was on the agenda of the world. India is the world's largest wheat producer after China. Expected to produce 111 million tons of wheat in the 2022-2023 season, India revised its production to 105 million tons due to the extreme heat. India, which is expected to decrease production by about 6 million tons, consumes more than 90 percent of the wheat it produces. India with a population of 1 billion 375 million also imports wheat for some years. The US Department of Agriculture (USDA) published a comprehensive report on world grain markets on May 12. According to this report, world wheat production is estimated to be ...

Source: TRdunyasi