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The Government of Morocco has released its first wheat and barley production estimates for the 2023 crop, including 2.98 MMT of common wheat, 1.18 MMT of durum wheat, and 1.35 MMT of barley.
Good conditions at planting and during the early growth phase for wheat and barley production have prevailed for marketing year (MY) 2023/24. However, after a record setting winter crop in MY 2022/23, Australia is expected to produce a strong but more subdued grain crop in MY 2023/24.
Corn, rice, and sorghum production forecasts for marketing year (MY) 2023/2024 are revised upward, while wheat production is forecast lower at 3.4 million metric tons.
This report contains revised production and export forecasts for MY2023/24 by Post
Several Spain grain supply chain actors have released their first estimates for grain production for MY 2023/24 and concur with the poor crop prospects.
Since December 2022, rainfall across most of Iraq has been positive, expected to result in favorable yields and increased production for winter crops wheat and barley, with rice expected to rebound this summer for marketing year (MY) 2023/24.
Dashboard that demonstrates the scope of Black Sea grain and oilseed trade. Millions of tons of grain are shipped through these international waters each year, making the Black Sea region a major supplier of agricultural commodities worldwide.
MY 2022/23 has been overshadowed by the developments in Ukraine. However, high UK grain prices supported planting despite high input prices, especially for fertilizer and fuel.
Serbian grain exports were significantly affected by the Russia-Ukraine war in 2022 because 80 percent of Serbia’s grain exports travel to the world via Black Sea ports.
FAS/Ottawa forecasts total production of wheat, corn, barley, and oats to increase one percent in MY 2023/24 from the previous year, assuming yields return closer to historic averages and a six percent increase in wheat production offsets production declines in other crops.
The Black Sea region is a significant supplier of agricultural commodities to the world. Over the past year, global grain and oilseed markets have been roiled by the ongoing military conflict in Ukraine.
Starting on May 1, Turkey’s import duties on wheat, barley, corn, and other grains will go from zero to 130 percent.