IGC increased estimate of the world grain harvest - above-average supply situation The International Grains Council has increased the world grain harvest to 1.1% or 22 Mt in its recent Aug. 16 market report to 2,069 million tonnes compared to the previous month. The increase compared to the previous year is 3.45%. Major contributions to the higher harvest comes from the United States with an increase of 17 million tons, India with an increase of 5 million tonnes, Russia with a carefully estimated increase of 3 million tons, Ukraine with additional 3 million t over the previous month. The EU cereal harvest was again to 7 million tonnes to about 298 million tonnes compared with the July estimate after corrected below. The amounts to 16 million tonnes have been increased on the usage page . Assume all additional 11 million tonnes in the feed sector. The industrial consumption to go back easily, while for direct human consumption 3 million tons more have been estimated. Analyzes end stocks are calculated at 4 million tons higher at 492 million tonnes. The supply figure "stock to use ratio" closing stock remains above-average 24% for consumption. In the long-term moving average the figure is 21.6%. The global wheat harvest was increased to 8 million tonnes to 743 million tonnes. Significant contributions to the increase come from the United States (2 million tons), India (3 million tonnes), Russia (+ 2.5 million tonnes), as well as Canada, Ukraine, Australia with smaller increases. The IGC estimates at 5 million tonnes higher than the wheat consumption compared to the previous month to 732 million tonnes. Expect due to the high feed wheat attack rd. 3.5 million tonnes in the feed sector. With 31.3% closing stock consumption will remain at an above-average global supply situation. The global corn harvest has been increased to 14 million tonnes. The increase is almost entirely attributable to the United States. The global corn consumption has been increased to 8 million tonnes. It is a final data rising to approximately 4.5 million tonnes of calculated respectively compared to the previous month. Supply increasing to above-average 21.4% measured on the long-term average of 18.6%. The estimation results of the IGC same increasingly the numbers of the other forecast institutions on.
