Global wheat feels the heat

The Western Star - - Rural Weekly -

HOT weather and a lack of rain has cut global wheat pro­duc­tion this sea­son by 1.2 per cent, with wheat gi­ant Russia feel­ing the heat.

Ac­cord­ing to the lat­est US De­part­ment of Agri­cul­ture Agri­cul­tural Sup­ply and De­mand Es­ti­mates re­port, pub­lished last week, soar­ing tem­per­a­tures and be­low av­er­age rain­fall last month cut 3.8 mil­lion tonnes of pro­duc­tion for the sea­son.

While Russia’s es­ti­mated pro­duc­tion of 74.2 mil­lion tonnes is the sec­ond largest on record, the drop in pro­duc­tion has had an im­pact on the global grains mar­ket.

Ac­cord­ing to the WASDE re­port, global wheat pro­duc­tion for 2019-20 was fore­cast at 771.46 mil­lion tonnes, down on last month’s fig­ure of 780.83 mil­lion tonnes.

Aus­tralian wheat pro­duc­tion for 20191-20 was fore­cast at 21 mil­lion tonnes, a drop on the 22.50 mil­lion tonnes last month.

Aus­tralian wheat pro­duc­tion in 2017-18 was 20.94 mil­lion tonnes, and just 17.3 mil­lion tonnes last sea­son.

SNAP­SHOT: Rus­sian wheat pro­duc­tion has been slashed, ac­cord­ing to a re­cent USDA re­port, re­leased last week.

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