Last week saw the IGC amend its projections for global wheat production in 2021-22 to 782m tons, that is 6m tons lower than its July forecast but still an increase of 1.2% from 773m ton in 2020-21.
The International Grains Council (IGC) forecast for world total grains production in 2020/21 has been lowered by 13MT to 2,225MT, mainly on downgrades for wheat in the US, EU, and Russia, and maize in the US.
Although import buying of some commodities has accelerated in recent weeks, logistical challenges are being reported as movement constraints and quarantine measures due to the COVID-19 outbreak become widespread, said the International Grains Council...