The global production of wheat will be expected less than last year’s record
2016-05-13
SHIJIAZHUANG,May 13, 2016—According to USDA's latest report, the global
wheat production is expected to be less than last year's record,but exceed the
consumption in the fourth consecutive year.
There is a considerable reduction in
production in EU, Morocco, Turkey and Ukraine,but these were offseted by the
production of Argentina and Russia.
About the global market,the comsumption is
increased a little,and the food used growth smooth. The trade quantity of wheat
decreased slightly below the 2015/16 year record. The EU will be expected as
the lagest exporter of wheat in the world in the fourth consecutive year. Global
stocks are expected to hit a record high, mainly driven by China.
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