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The International Grains Council (IGC) expects record wheat harvest

Wheat
Published Jan 26, 2022

Tridge summary

The International Grains Council (IGC) estimate is 781 Mt, 3.9 Mt higher than expected in November 2021, mainly due to the upgraded forecasts for the main Southern Hemisphere exporters. Argentina is expected to produce 2.2 million t higher than forecast in November and reached a record value of 22.1 million t. That is a good quarter more than in the previous year. The wet weather this season has contributed to above-average production in Australia but has also resulted in a drop in quality. Due to the excellent yields, the forecast production is 3.5 million t higher than before and reaches a high of 35.5 million t (+7 percent compared to the same period last year). The forecast for world consumption was also raised compared to November.

Original content

The International Grains Council (IGC) estimate is 781 Mt, 3.9 Mt higher than expected in November 2021, mainly due to the upgraded forecasts for the main Southern Hemisphere exporters. Argentina is expected to produce 2.2 million t higher than forecast in November and reached a record value of 22.1 million t. That is a good quarter more than in the previous year. The wet weather this season has contributed to above-average production in Australia, but has also resulted in a drop in quality. Due to the excellent yields, the forecast production is 3.5 million t ...
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