The International Grains Council July report lowered total grain production to 2.148 billion tonnes this season, with wheat production downgraded across the European Union, Russia and Canada.
The IGC report put total global wheat production at 763 million tonnes for the 2019-20 season, down on last month’s forecast of 769 million tonnes, but still higher than the 2018-19 production figure of 733 million tonnes.
“ … the global wheat out turn is seen at a record, while maize is placed at the second largest ever and barley at the highest in a decade,” the report said.
The Rabobank July agricommodity market research report, released last week, reported global wheat production to have been reduced by 9 million tonnes between last month and this month.
“With major exporter production reduced by 10 million tonnes amid a modest increase in production in the US, hot and dry weather across Europe, the Black Sea region, and Australia having pushed yields down,” the report said.