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Home / Bioethanol / News International Grain Council expects record high wheat crop in 2008Kazakhstan General Newswire London. March 5. Interfax — The International Grain Council (IGC) expects a record high wheat crop during the new agricultural year (July 2008 — June 2009). «Most major producers expect larger wheat crops in 2008 as high prices prompt increased plantings. Production is forecast at a record 646 ml tons, 42 ml tons more than in 2007. Weather conditions in winter wheat areas in the EU and the CIS remain favorable but in the US a lack of rain in the southern Plains is causing concern, and severe frosts may have damaged China's crop. Spring wheat areas in North America need more rain,» IGC said in its monthly report. World grain production is put at 1,659 ml tons, 2 ml more than January's estimate and 5.5% up from last year. Wheat production was disappointing but the maize harvest was a record. Global grains consumption is placed at 1,676 ml tons. Ethanol production will use about 94 ml tons of maize and 6 ml tons of other grains. Meat output continues to grow, lifting feed needs. The new estimate of global ending stocks is 247 ml tons, 3 ml more than previously, but still the lowest for thirty years. Despite high grain prices, forecast trade is up 1 ml tons at 228 ml tons, 7 ml more than last year. Total 2007/08 consumption remains at 611 ml tons. While wheat feeding will be the lowest for twelve seasons, food use will be 0.8% more than in 2006/07. The forecast of endseason stocks in the five major exporters is up 2 ml tons at 27 ml, due to higher crop estimates for Australia and sluggish EU exports. At only 7.4 ml tons, US carryovers will be the lowest since 1947. Forecast world trade in 2007/08 remains at 104 ml tons, 6 ml tons down from last year. Continued strong sales by the US raise its forecast exports. EU sales accelerated in February, as its wheat became more competitive, while Argentina's export registry is set to re-open shortly. Export restrictions are limiting sales by Russia and Ukraine.
Date: 09.03.2008 Comments:Leave your comment
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Never would have thunk I would find this so indispenabsle.
Never would have thunk I would find this so indispenabsle., 28.08.2011 10:35:07