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in the European Union and the United States.
IGC expects global maize production of 1.
166 billion mt in 2022/23, 2 million mt lower than last month's forecast and down 4.
2%
from 1.
217 billion mt in the previous year.
166 billion mt in 2022/23, 2 million mt lower than last month's forecast and down 4.
2%
from 1.
217 billion mt in the previous year.
EU maize production was revised down to 53.
5 million mt, lower than earlier expectations of 56.
2 million mt; U.
S.
production was revised down to 353 million tonnes, down from an earlier forecast of 354.
2 million tonnes
.
5 million mt, lower than earlier expectations of 56.
2 million mt; U.
S.
production was revised down to 353 million tonnes, down from an earlier forecast of 354.
2 million tonnes
.
The IGC expects US corn exports in 2022/23 to be only 54.
6 million mt, down from an earlier forecast of 57.
8 million mt, and US corn ending corn stocks are expected to be 29.
8 million mt, down from an earlier forecast of 31 million mt
.
6 million mt, down from an earlier forecast of 57.
8 million mt, and US corn ending corn stocks are expected to be 29.
8 million mt, down from an earlier forecast of 31 million mt
.
IGC expects global maize consumption in 2022/23 at 2.
271 billion mt, down from 2.
274 billion mt expected last month and 2.
293 billion mt
last year.
271 billion mt, down from 2.
274 billion mt expected last month and 2.
293 billion mt
last year.
Global ending stocks were revised down to 584 million tonnes, down from 587 million tonnes forecast last month and 600 million tonnes
last year.
last year.
Inventory usage was expected at 25.
7%, down from 25.
8% forecast last month and 26.
2%
last year.
7%, down from 25.
8% forecast last month and 26.
2%
last year.
Global wheat production is expected unchanged for 2022/23
The IGC on Thursday left its 2022/23 global wheat production forecast unchanged
.
IGC expects global wheat production of 792 million tonnes in 2022/23, unchanged from September expectations and 1.
3%
higher than the previous year's 782 million tonnes.
.
IGC expects global wheat production of 792 million tonnes in 2022/23, unchanged from September expectations and 1.
3%
higher than the previous year's 782 million tonnes.
Global wheat trade was revised down to 192 million mt, down from 193 million mt forecast last month and down from 197 million mt
last year.
Global wheat consumption is expected to be 784 million tonnes, down from 785 million mt expected last month but up from 782 million mt
last year.
last year.
Global wheat consumption is expected to be 784 million tonnes, down from 785 million mt expected last month but up from 782 million mt
last year.
Global wheat ending stocks remained unchanged at 286 million tonnes, up from 278 million tonnes
a year earlier.
a year earlier.
The global wheat ending stock-to-use ratio was 36.
5 percent, compared with 36.
4 percent forecast last month and 35.
5 percent
last year.
5 percent, compared with 36.
4 percent forecast last month and 35.
5 percent
last year.
