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IGC Cuts Forecast For World Wheat Crop To Five-Year Low

Published on Jul 26 2018 3:10 PM in Supply Chain tagged: Wheat / Forecast / Paywall / International Grains Council

IGC Cuts Forecast For World Wheat Crop To Five-Year Low

World wheat production is set to fall to a five-year low following significant downgrades to crop prospects in the European Union and Russia, the International Grains Council (IGC) said on Thursday.

The inter-governmental body cut its forecast for world wheat production in 2018/19 by 16 million tonnes to 721 million, the lowest total since the 2013/14 season.

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