http://www.igc.org.uk/gmr/gmrsummary.htm
OUTLOOK FOR 2006/07
WHEAT: Forecast world wheat production in 2006 is now 594m. tons, 6m. more than last month. Favourable spring weather is improving yield expectations in much of the EU. Winterkill damage may be less severe than previously thought in Russia while in Ukraine conditions for replanting with spring grains are good. The state of winter wheat in the US southern plains remains poor despite recent rains, but prospects are improving elsewhere, and conditions for spring wheat planting are good in both the US and Canada. Unseasonable rains in India have damaged the crop about to be harvested, but conditions in China are generally favourable, with the crop placed higher than before. Good rains are expected to boost crops in North Africa and Near East Asia, although Syria remains too dry. World wheat consumption in 2006/07 is forecast to fall by 9m. tons, to 611m. With less feed quality wheat available, improved supplies of other feedstuffs and the effects of avian influenza on poultry consumption, feed use of wheat could be sharply lower than last year in the EU, the CIS, Canada and Far East Asia. Food use, however, will continue slowly to increase in many developing countries. World wheat trade in 2006/07 is expected to rise by 2m. tons, to 111m., with both China and India likely to import more than this year. The CIS and Near East Asia may also purchase more, but imports by the EU and North Africa are forecast lower. Lower export availabilities in Russia and Ukraine will boost demand from other suppliers. While overall supplies in the major exporters should remain ample, availabilities of premium milling wheats will depend on good spring wheat harvests in North America. Global stocks at end 2006/07 are forecast to fall by 17m. tons to 119.m., including 45m. (52m.) in the five major exporters.
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OUTLOOK FOR 2006/07
WHEAT: Forecast world wheat production in 2006 is now 594m. tons, 6m. more than last month. Favourable spring weather is improving yield expectations in much of the EU. Winterkill damage may be less severe than previously thought in Russia while in Ukraine conditions for replanting with spring grains are good. The state of winter wheat in the US southern plains remains poor despite recent rains, but prospects are improving elsewhere, and conditions for spring wheat planting are good in both the US and Canada. Unseasonable rains in India have damaged the crop about to be harvested, but conditions in China are generally favourable, with the crop placed higher than before. Good rains are expected to boost crops in North Africa and Near East Asia, although Syria remains too dry. World wheat consumption in 2006/07 is forecast to fall by 9m. tons, to 611m. With less feed quality wheat available, improved supplies of other feedstuffs and the effects of avian influenza on poultry consumption, feed use of wheat could be sharply lower than last year in the EU, the CIS, Canada and Far East Asia. Food use, however, will continue slowly to increase in many developing countries. World wheat trade in 2006/07 is expected to rise by 2m. tons, to 111m., with both China and India likely to import more than this year. The CIS and Near East Asia may also purchase more, but imports by the EU and North Africa are forecast lower. Lower export availabilities in Russia and Ukraine will boost demand from other suppliers. While overall supplies in the major exporters should remain ample, availabilities of premium milling wheats will depend on good spring wheat harvests in North America. Global stocks at end 2006/07 are forecast to fall by 17m. tons to 119.m., including 45m. (52m.) in the five major exporters.
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