August 1, 2005
IGC expects higher world wheat output for 2005-06
The International Grains Council has revised its world wheat output for the 2005-06 crop year to 608 million tonnes, up four million tonnes from the June estimate.
The increase reflected larger wheat output in the US, Russia and India, which offset decreases in the EU and North Africa.
Meanwhile, world coarse grain output was forecast at 955 million tonnes, down from 962 million tonnes estimated in June.
The decrease reflected reduced prospects for the US corn crop.
Also, lower feed use forecasts for Brazil and the EU have lowered course grain consumption by four million tonnes.
Coarse grain world stocks were forecast at 959 million tonnes, down four million tonnes from the estimate in June.