20.
01.17
13:39

IGC estimates shorter wheat balance 2017

IGC estimated wheat harvest 2017 to about 2% lower to the previous year. Of the international cereals Council dares a first estimate of the global wheat harvest 2017/18, which could be 2% below the previous year.  The experts assume that the prospects and large can be quite reasonably priced in this year according to current knowledge. This is true at least for the northern hemisphere. Nevertheless, recognizes that in the United States the acreage fallen considerably. The seed stalls to have suffered from the weather conditions, but the U.S. share of the world wheat harvest is only 8%. In the EU are Concerns according to, that of in the face of strong frosts in the eastern areas and low rainfall in some western regions to impairments might have come. Yet to assess the EU harvest higher than in the previous year with their catastrophic results in France and weak harvests in some other EU Member States. Total should world wheat harvest in the year 2017/18 about 735 million t amount.   The harvest area is slightly lower than estimated in the previous year. The Flächenerträge should again average trend values fall back. Little modified consumption development the closing stock will shrink slightly. But it remains in assessing a good supply situation. An early harvest estimate year is always the risk of incorrect assessments, because a number of risks is not predictable. In addition to the possible damage of Dewinterizing supplies in particular, the amount of time the formation of yield in the months April to June a high potential for uncertainty. Also harvest weather can play a vital role, as we have seen in the past year. Yet the compilation of individual data provides a first line of orientation, which applies to continually check it.

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