Global wheat production in MY 2025/26 will reach a record high – IGC
The International Grains Council (IGC) expects global wheat production to reach a record 805 million tons in the 2025/26 crop year, according to a press release from the organization.
“Based on the information on the acreage and weather conditions in the main regions, the world wheat production in 2025/26 is preliminary estimated at a record 805 million tons, which is 1% more than in the previous year,” the report says.
According to the results of the current 2024/25 MY, the wheat production is forecasted at 796 million tons. Wheat consumption is expected to reach 805 million tons.
In 2024/25, the forecast for global grain production was lowered by 7 million tons compared to the November estimate to 2.305 billion. Total consumption is expected to reach 2.334 billion tons, up 4 million tons from the previous forecast. The estimate of carryover stocks was lowered by 3 million tons to 573 million.
The forecast for world soybean production in 2024/25 was slightly improved due to higher expectations for producers in South America and Asia – up to 420 million tons.
Expectations for global rice production were kept at the same level of 535 million tons. With higher consumption, total ending stocks will be reduced by about 3 million tons.
Further development of the grain sector in the Black Sea and Danube region will be discussed at the 23 International Conference BLACK SEA GRAIN.KYIV on April 24 in Kyiv.
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