September 18, 2013

While earlier projections indicated a small decline in world wheat stocks, global wheat ending stocks are now expected to increase during 2013-14 and may reach 176.3 million tonnes, up 3.3 million this month.

Increased production prospects boost stocks for Canada, up 1.4 million tonnes to 6.6 million; Ukraine, up 0.5 million tonnes to 2.8 million; and by smaller amounts for Turkmenistan, Serbia, Morocco, and Tajikistan.

With a slight increase in stocks of 0.1 million tonnes to 11.2 million, additional wheat supplies in the EU are expected to be almost fully exported. Because of higher carry-in in Algeria and Uzbekistan with lower projected exports in Uzbekistan, stocks are projected higher in both countries.

Stocks are up 0.5 million tonnes in Egypt, reflecting higher projected imports. Due to lower feeding, Australia's ending stocks are projected up 0.5 million tonnes this month to 3.8 million.

Due to lower production that is not fully offset by higher imports, ending wheat stocks are projected down 0.5 million tonnes this month for Iran; in Pakistan and Kenya, down 0.4 and 0.3 million tonnes, respectively, on lower carry-in. Smaller changes for ending stocks are made for a number of countries.