LONDON — Ending stocks of wheat in 2018 are projected at a record 248 million tonnes in an Aug. 24 update from the International Grains Council (IGC). The forecast is up 7 million tonnes from the July forecast of 241 million, and would be up 2% from 244 million tonnes in 2017. The 2018 carryover would be significantly larger than 226 million in 2016 and 206 million in 2015. The increase from July was attributed to a 10-million-tonne increase in projected wheat production of 742 million tonnes in 2017-18, a crop still slightly smaller than the record 754 million tonnes in 2016-17. The wheat carryover increase was attributed by the IGC to “an increasingly favorable outlook for the Black Sea region, most notably in Russia, where wheat and barley harvest results continued to exceed expectations.”
In 2022-23, the International Grains Council’s July report anticipates worldwide wheat production to reach 770 million tonnes, down from 781 million tonnes in 2021-22, with 195 million tonnes available for trade.
Most wheat production comes from a handful of countries and even fewer are major exporters, according to the Food and Agriculture Organization (FAO) of the United Nations. Here’s a look at the top 10 wheat-producing countries worldwide, based on total yield in tonnes from 2000-2020 with 2022-23 production and consumption projections.
CHICAGO, ILLINOIS, US — Representatives of the grain and milling industries recently gathered July 10-13 at McCormick Place in Chicago, Illinois, US, for IFT FIRST, the Institute of Food Technologists annual event and expo.