USDA analysts increase forecast of Ukrainian wheat exports in MY 2024/25
The global wheat production in 2024/25 season is forecasted at 792.95 mln tonnes (-1.78 mln tonnes compared to the previous forecast). This is evidenced by the USDA report for December.
The forecast for world wheat exports is 213.65 million tons (-1.02 million tons). Experts raised the forecast of ending wheat stocks in the world to 257.88 million tons (+0.31 million tons).
The assessment of the wheat harvest forecast in Ukraine remained unchanged – 22.9 mln tonnes, the export forecast was increased by 0.5 mln tonnes – to 16.5 mln tonnes. Ending stocks will be at 0.79 mln tons (-0.2 mln tons).
The forecast for the wheat harvest in the United States remained unchanged – 53.65 million tons, exports are estimated at 23.13 million tons (+0.68 million tons), ending stocks – 21.63 (-0.54 million tons).
Forecast for major wheat exporters for MY 2024/25:
| Country | Harvest, mln tons | Exports, mln tons | Reserves, mln tons |
| Argentina | 17,5 (0) | 11,5 (0) | 3,53 (0) |
| Australia | 32 (0) | 25 (0) | 2,58 (-0,17) |
| Canada | 34,96 (-0,04) | 26 (0) | 4,53 (0) |
| EU | 121,3 (-1,3) | 29 (-1) | 10,56 (+0,47) |
| Russia | 81,5 (0) | 47 (-1) | 8,24 (+1) |
USDA analysts forecast the wheat production in China in MY 2024/25 at 140 mln tonnes, the imports estimate – 11 mln tonnes (-0.5 mln tonnes), the ending stocks – 133.5 mln tonnes (-0.5 mln tonnes).
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!!!
Read also
Missed BLACK SEA GRAIN? Get Full Access to Conference Insights!
India urged to block GM imports from the US amid trade talks
Land reclamation is a strategic investment for sustainable agricultural production
Rapeseed oil exports from Ukraine grew 30 times in terms of revenue
Brazil needs $148 bln to close grain storage gap
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon