FG BUY&SELL        FARMERS WEATHER       ARABLE FARMING        DAIRY FARMER      FARMERS GUARDIAN        AGRIMONEY        OUR EVENTS        MEMBERSHIP BENEFITS        BLOGS        MORE FROM US

You are viewing 1 of your 2 free articles

You’ll need to join us by becoming a member to gain more access.
Already a Member?

Login Join us now

World grain stocks hit new highs

News

The International Grain Council (IGC) has lifted its forecast for total wheat production again.

Twitter Facebook
Share This

world grain stocks hit new high #worldstocks #arable

Total global wheat production has been lifted 7 million tonnes from a month ago, to 729m tonnes.

 

The IGC warned ‘the wet finish to the growing season in several countries will likely have a negative impact on average quality’, leading to more wheat in animal feed.

 

But even with heavier use of wheat in feed, the world wheat balance was expected to be comfortably in surplus, with world production outstripping demand by 3m tonnes.

 

See also: Combines set to roll next week?

 

Prospects for barley production were also raised, pushing total grain stock forecasts to a record high. World grain production is now at 2.026bn.

 

In France, wheat quality has been steadily declining following heavy rains over the past month.

 

FranceAgriMer, the French farm office, reported the proportion of wheat rated good or excellent was down six points week-on-week, at 65 per cent. There was a four-point drop the previous week.

 

Heavy rains in parts of France, Belgium, the Netherlands, Germany and Austria in May and June meant pests and disease pressure increased while winter cereals were flowering.

 

Algeria, the biggest importer of French wheat, has also cut yields, which means demands for imports will increase.

Controls

Algeria imposes strict protein controls on wheat imports, as most wheat is used in bread and couscous, which require higher grade grain.

 

However, the French price remained under pressure from heavy world stocks and production.

 

Markets in Paris extended losses following the news US farmers sowed even more acres of spring wheat than previously expected.

 

Winter barley conditions also fell to 62 per cent rated good or excellent, a five-point drop from the previous week.

 

France and Germany, the areas worst hit by the wet weather, are expected to account for 45 per cent of EU malting barley production in 2016/17.

 

The French crop is the main concern, with early harvest results showing lower than ideal specific weights so far.

 

This could lead to more feed barley on the continent.

 

Reports also suggest prolonged dry weather in Scandinavia may have impacted yields.

Twitter Facebook
Rating (0 vote/s)
Post a Comment
To see comments and join in the conversation please log in.

More News

Extension of neonicotinoids ban slammed ‘wanton vandalism’

The likelihood of a total ban on neonicotinoids has been criticised by leading crop experts.

Scotland announces £10m funding boost for food and drink industry

NFU Scotland said the industry needed to make sure farmers shared in the sector’s profitability

French quality issues continue to provide opportunities for UK wheat

UK wheat has continued to flow to the near Continent in place of the French crop

eGrain passport national roll out abandoned due to disagreements over data feedback to farmers

NFU demands for a binding guarantee that grain buyers would return data to farmers as part of the planned eGrain passport system led to its abandonment following a meeting of the Cereals Liaison Group yesterday.

Industry fails to agree on eGrain passport roll out

Key industry representatives in the grain supply chain failed to reach an agreement yesterday on the national roll out of an electronic grain passport - a six-year project being facilitated by AHDB.
FG Insight and FGInsight.com are trademarks of Briefing Media Ltd.
Farmers Guardian and FarmersGuardian.com are trademarks of Farmers Guardian Ltd, a subsidiary of Briefing Media Ltd.
All material published on FGInsight.com and FarmersGuardian.com is copyrighted © 2016 by Briefing Media Limited. All rights reserved.
RSS news feeds