Global wheat demand rises every year — U.S. Wheat Associates

regions, which is putting downward pressure on prices. “As long as someone in the world has plenty of wheat, it’s hard to rally prices. A true global rally happens only when everyone runs short,” he explained. According to USDA projections, in 2025 global production will exceed expected consumption for the first time since the 2019/20 marketing year. Yet the rapid growth in demand is essentially offsetting the effect of this surplus. “We’re struggling to keep pace with global wheat demand,” Liedl noted. Asia and Southeast Asia are developing especially fast: while in 1991/92 the region consumed 6 million tons of soft white wheat from the U.S. Pacific Northwest, by 2024 demand had risen to 18 million tons. A key driver behind this growth is shifting dietary preferences. Even with slowing population growth, consumers are increasingly choosing wheat and bakery products over rice. From 2009 to 2020, per-capita wheat consumption in the region rose by 47%, while rice consumption fell by ...