IGC maintains global wheat, corn production forecasts
The International Grains Council (IGC) maintained its forecasts for 2024/25 global wheat and corn crops in a monthly update issued on Thursday.
The inter-governmental body kept its global wheat production forecast at 798 million metric tons, with an improved outlook for Kazakhstan offset by downward revisions for Australia and Argentina.
“Localised dryness has slightly curbed wheat prospects in Australia and Argentina ahead of the main winter harvest period,” the IGC said.
The IGC’s forecast for global corn production remained at 1.224 billion metric tons, with small upward revisions for the United States and India offset by diminished crop prospects in Russia and Egypt.
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