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.

For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.

It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.

You are welcome to get a 7-day free demo access!!!

Tags: wheat, India, Australia, forecasts, Russia, Argentina, Egypt, International Grains Council, corn, Kazakhstan, IGC, United States, Outlook, Production