Global 2022/23 wheat production lowered on smaller crops in India and the EU; rice output is seen as higher
Wheat
Rice
Maize (Corn)
Published Jun 13, 2022
Tridge summary
Global wheat production is down this month primarily on smaller crops in India and the European Union, only partially offset by an increase for Russia, the U.S. Department of Agriculture said in its latest monthly report.
Original content
It also lowered global consumption forecast and said ending stocks were also being revised down mostly on lower supplies in India. “Imports are nearly unchanged as higher imports for Iran and Pakistan are mostly offset by lower imports for Bangladesh and Sri Lanka. Exports are up for Russia, Argentina, and Uzbekistan, but mostly offset by reductions to India,” it said. The USDA said global production for 2021/22 is down slightly this month mostly on a smaller crop in Chile. Global consumption is fractionally lower as higher feed and residual use only partly offsets lower FSI consumption. “Ending stocks are revised lower mostly on reductions in Argentina, Morocco, and Egypt. Imports are revised lower with reduced demand from Morocco, Sri Lanka, and United Arab Emirates. Exports are also revised lower as larger exports from Argentina are only partially offset by lower exports from Russia,” it added. Rice In its overview for 2022/23, the USDA said global rice production is forecast ...
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