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What is the global wheat outlook for 2021/22?

Wheat
Published Jan 25, 2022

Tridge summary

As of January, the global wheat outlook for 2021/22 is for stable supplies (opening stock plus production), declining consumption, reduced exports and rising ending stocks. Production increases in Argentina and the European Union (E.U.) are offset by lower production in Brazil and Paraguay and lower opening stocks for Russia.

Original content

2021/22 global consumption fell by 1.9 million tonnes to 787.5 million, mainly due to lower use for the United States (U.S.), the E.U. and Ukraine. Projected world trade for 2021/22 is reduced by 1.1 million tonnes to 204.4 million, as reductions in exports from Russia and the US are only partially offset by higher exports from the EU. Russia recently announced a wheat export quota of 8.0 million tonnes from mid-February to the end of June, which is expected to limit its exports in the second half of the marketing year. Projected world ending stocks for 2021/22 rise by 1.8 million tonnes to 280.0 million, with increases mainly for the United States, Russia, Kazakhstan and Argentina. However, 2021/22 global ending stocks are still forecast at the lowest level since 2016/17. In Chile, imports of bread wheat reached 942 thousand tons in 2021, 17% less than those ...
Source: Odepa
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