Browse Data and Analysis

Heat stress resulting from an unprecedented spike in temperatures beginning in the mid-March 2022 has had a marked impact India’s wheat crop. Yields are 10-15 percent down, driving India’s forecasted market year (MY) 2022/23 (April-March) wheat production down from 110 million metric tons (MMT) to 99 MMT.

While the UK exited the shadow of Brexit and COVID-19 in marketing year (MY)2021/22 and put the 40-year low wheat crop of MY2020/21 behind it, the developments in Ukraine over the past few months have brought new uncertainties to the market.

On Friday, May 13, 2022, the Indian government announced a ban on wheat exports, effective immediately, citing the sudden spike in global wheat prices and the resulting food security risks to India.

Angola’s wheat milling capacity has increased to achieve self-sufficiency with five wheat mills now operating in the country, with milling capacity of up to 1 million metric tons of wheat per year.