Global grain harvest forecast has been updated: Russia and Kazakhstan increased their forecasts, while Ukraine remained at the same level.

The forecast for global grain production in 2023/2024 has increased to 2.31 billion tonnes. In Russia, a harvest of 134.4 million tonnes is expected, with grain and wheat exports reaching 61 and 50.4 million tonnes respectively.

In the European Union, the crop is estimated at 269.3 million tonnes with grain and wheat exports at 48.2 and 34.3 million tonnes.

In Kazakhstan, the grain harvest forecast is 16 million tonnes, while in Ukraine it is 66.4 million tonnes with exports of 37 million tonnes.

2 December 2024

In the latest report of the International Grains Council (IGC) from February, it is stated that the forecast for global grain production in agriculture for the 2023/2024 year has increased by 3.2 million tons and reached 2 billion 309.9 million tons. However, the forecast for wheat production has decreased to 788 million tons (-300 thousand tons compared to the January forecast).

Russia

The forecast for grain production in Russia for the current agricultural year (July 2023 - June 2024) has been raised again from 133.6 million to 134.4 million tons. The forecast for wheat production has also increased and is now 91 million tons (+1 million).
The International Grains Council's estimates suggest that grain exports from Russia will amount to 61 million tons (+300 thousand tons compared to the previous month's forecast). Wheat exports have also increased and are estimated at 50.4 million tons.

European Union

The forecast for grain harvest in the European Union has slightly increased to 269.3 million tons (+200 thousand), while the wheat forecast has decreased from 133.2 million to 133.1 million tons.
The estimate for grain exports remains at 48.2 million tons, and the wheat export estimate also remains unchanged at 34.3 million tons.

Kazakhstan

The forecast for grain production in Kazakhstan has increased by 100 thousand tons and now stands at 16 million tons, while the wheat forecast remains unchanged at 12 million tons.
The forecasts for grain and wheat exports also remain unchanged at 10.3 million and 9.4 million tons, respectively.

Ukraine

The forecasts for grain and wheat in Ukraine remain unchanged. The total grain harvest will be 66.4 million tons, with wheat production at 28.7 million tons.
The export of grains and wheat this season has been increased to 37 million and 15.5 million tons, respectively.
The gross corn harvest remains unchanged at 30 million tons. The export also remains at 19.5 million tons, as in the January review.

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