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World wheat consumption will reach a record high

14.08.2024
World wheat consumption will reach a record high

According to the analytical forecast of the US Department of Agriculture, the world wheat consumption will reach 804 million tonnes this season, World of NAN reports.

Last season's figure was a record high, when consumption was 798 million tonnes. Analysts increased their forecast for wheat consumption due to demand from the feed industry in the EU, Central Asia and Ukraine. Consumption in Nigeria and Algeria is also increasing.

The forecast for the volume of world wheat trade is 214.9 million tonnes. At the same time, analysts expect a reduction in supplies from the EU countries, where due to bad weather, yields have fallen. For example, in France the forecast of soft wheat production was reduced by 25%. The worst harvest is also expected in the UK, where the harvest may be reduced by a third.


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