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    Home > Food News > Food Articles > The IGC raised its global wheat production forecast for 2022/23 and lowered its maize production forecast

    The IGC raised its global wheat production forecast for 2022/23 and lowered its maize production forecast

    • Last Update: 2022-09-30
    • Source: Internet
    • Author: User
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    Grain wheat
    The IGC expects global wheat production to increase to 792 million tonnes in 2022/23, up from the previous forecast of 778 million tonnes and from 782 million tonnes
    in the previous year.
    Russian wheat production was revised up to 93.
    4 million tonnes, up from a previous forecast of 87.
    6 million tonnes.

    Despite the increase in production, Russian wheat exports remained at 36.
    5 million tonnes in 2022/23, resulting in a corresponding increase in inventories to 22.
    5 million tonnes, almost double
    the previous year's 11.
    3 million tonnes.
    Maize production was revised down by 11 million tonnes
    The IGC also lowered global maize production for 2022/23 by 11 million tonnes to 1.
    168 billion tonnes, mainly due to the impact of
    the US production cuts.
    This month, the IGC forecasts U.
    maize production for 2022/23 at 354.
    2 million tonnes, down from last month's forecast of 364.
    7 million tonnes
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