While the U.S. Department of Agriculture forecast lower production, supply and use of wheat in the United States in 2020-21, the world wheat outlook was seen as altogether different, reports Food Business News.
While wheat production in the United States was forecast at 50.78 million tonnes, 1.48 million tonnes lower than in 2019-20, among the major exporters, Argentina, Australia, Canada and Russia were projected to have larger crops in 2020-21.
The USDA noted Australia was forecast to have the largest increase in production from 2019-20. That nation’s 2020-21 crop was projected at 24 million tonnes, up 8.8 million tonnes from 2019-20.
The European Union, though, was forecast to harvest a smaller crop this year. EU wheat production was projected at 143 million tonnes, 11.78 million tonnes lower than the 2019-20 outturn of 154.78 million tonnes.
Read the full report here.
