IGC predicted reduction of grain surplus stocks to 2021/22 In the medium-term perspective on the world grain market, published annually at the end of the year, the International Grains Council (IGC) forecasts a reduction in the current high surplus stocks of around 500 million tonnes to about 455 million tonnes at the end of the Year 2021/22. The cause looks to the IGC that the future generation in full extent with the consumption growth can keep pace. The global acreage for wheat should remain largely constant over the next 5 years for corn is expected with an increase of 3rd. 1%. However, are expected to at the Flächenerträgen increases between 4.5% to 5.5%. The production increase is 6.6% for the next examination period calculated. The global consumption is expected to grow by 8% in the same period of time however. The resulting production loss is denied from the reduction of reserve stocks. Development is the world's largest grain producer of the United States misjudged in the main growing regions quite differently to take back its production by around 10%. The U.S. corn crops will take only little at a slight reduction in the acreage, but rising Flächenerträge. In China 5 is reduced according to the annual plan cereal production for the time being, to reduce the current high surplus stocks, to avoid further deterioration. About the year 2020, Chinese cereal production is expected to grow again moderately. For the EU IGC assumes that the crops again normalize after the disastrous year 2016/17 without success but higher growth rates. For the three Black Sea countries Russia, Ukraine, and Kazakhstan the International Grains Council expected a production level that corresponds to the average of the last 3 years after the preceding 4 years without major crop losses and 1 bumper crop again. Russia and Kazakhstan are on wheat increasingly put thereby the Ukraine increasingly promote the cultivation of maize. Greater increases are from South America expected. In Argentina the wheat and maize cultivation increased % to 15 to 18. In Brazil you expect 20% growing corn crops up to a magnitude of approximately 100 Mt to 2021-22 As always with such forecasts wet balancing in single yearsto terverhältnisse. The economic and political conditions to largely match those in the past. If the forecasts and conditions arrive largely so, as is, is to proceed from an average stable to rising grain prices . Risks and price fluctuations in individual years also.
