World Grain - March 2023 - 40

FEATURE: FOOD INFLATION, SUPPLY WORRIES THREATEN STABILITY
increased our strategic reserve and also our strategic
storage facilities. "
Work was also going on to mitigate risk. He referred
to climate change as one of the uncertainties.
" In my opinion, it is one of the most pressing challenges, "
he said. " It will always be our first challenge
and we will always be at the mercy of weather. "
Russian grain forecast disputed
Mark Jekanowski, chairman of the US Department
of Agriculture's (USDA) World Agricultural Outlook
Board, explained that " we are the folks who put
out WASDE, " referring to the Department's World
Agricultural Supply and Demand Estimates report. He
discussed the January report, highlighting the forecast
for Russian production.
" We kept our Russia production forecast at 91 million
tonnes, " he said. " As you may know, Russia's official
forecast as of late December is at about 112 million
tonnes. That is just not realistic based on our own
weather modeling, our own analysis and logs of previous
years. It is also complicated by the fact that as you
know it is hard to get information out of Russia. USDA
does not have people on the ground there anymore.
We are not currently sure where that extra 11 million
tonnes are coming from. "
He said the Russian authorities are basing their numbers
on higher yield.
" That 91 million still represents an excellent year, "
he noted. " That is still a record, but it is nowhere near
what Russia would be saying. "
The USDA did raise its forecast for Russian wheat
production in February, after the Paris Conference, but
only by 1 million tonnes, to 92 million.
Jekanowski also commented on winter wheat in the
United States, noting the highest plantings since 2015,
which he called " a little bit of a surprise. "
" Wheat acreage in the US has been on a fairly steady
50-year decline, " he said. " We are seeing some revived
interest in wheat production in the US. "
Chris Lyddon is World Grain's European correspondent.
He may be contacted at: cajlyddon@gmail.com
We want to hear from you - Send comments and inquiries
to worldgrain@sosland.com. For reprints of WG articles,
email reprints@sosland.com.
40
March 2023 / World Grain / World-Grain.com

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World Grain - March 2023

Table of Contents for the Digital Edition of World Grain - March 2023

World Grain - March 2023 - Intro
World Grain - March 2023 - 1
World Grain - March 2023 - 2
World Grain - March 2023 - 3
World Grain - March 2023 - 4
World Grain - March 2023 - 5
World Grain - March 2023 - 6
World Grain - March 2023 - 7
World Grain - March 2023 - 8
World Grain - March 2023 - 9
World Grain - March 2023 - 10
World Grain - March 2023 - 11
World Grain - March 2023 - 12
World Grain - March 2023 - 13
World Grain - March 2023 - 14
World Grain - March 2023 - 15
World Grain - March 2023 - 16
World Grain - March 2023 - 17
World Grain - March 2023 - 18
World Grain - March 2023 - 19
World Grain - March 2023 - 20
World Grain - March 2023 - 21
World Grain - March 2023 - 22
World Grain - March 2023 - 23
World Grain - March 2023 - 24
World Grain - March 2023 - 25
World Grain - March 2023 - 26
World Grain - March 2023 - 27
World Grain - March 2023 - 28
World Grain - March 2023 - 29
World Grain - March 2023 - 30
World Grain - March 2023 - 31
World Grain - March 2023 - 32
World Grain - March 2023 - 33
World Grain - March 2023 - 34
World Grain - March 2023 - 35
World Grain - March 2023 - 36
World Grain - March 2023 - 37
World Grain - March 2023 - 38
World Grain - March 2023 - 39
World Grain - March 2023 - 40
World Grain - March 2023 - 41
World Grain - March 2023 - 42
World Grain - March 2023 - 43
World Grain - March 2023 - 44
World Grain - March 2023 - 45
World Grain - March 2023 - 46
World Grain - March 2023 - 47
World Grain - March 2023 - 48
World Grain - March 2023 - 49
World Grain - March 2023 - 50
World Grain - March 2023 - 51
World Grain - March 2023 - 52
World Grain - March 2023 - 53
World Grain - March 2023 - 54
World Grain - March 2023 - 55
World Grain - March 2023 - 56
World Grain - March 2023 - 57
World Grain - March 2023 - 58
World Grain - March 2023 - 59
World Grain - March 2023 - 60
World Grain - March 2023 - 61
World Grain - March 2023 - 62
World Grain - March 2023 - 63
World Grain - March 2023 - 64
World Grain - March 2023 - 65
World Grain - March 2023 - 66
World Grain - March 2023 - 67
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World Grain - March 2023 - 69
World Grain - March 2023 - 70
World Grain - March 2023 - 71
World Grain - March 2023 - 72
World Grain - March 2023 - 73
World Grain - March 2023 - 74
World Grain - March 2023 - 75
World Grain - March 2023 - 76
World Grain - March 2023 - 77
World Grain - March 2023 - 78
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World Grain - March 2023 - 82
World Grain - March 2023 - 83
World Grain - March 2023 - 84
https://digital.world-grain.com/sosland/wg/world-grain-september-2024
https://digital.world-grain.com/sosland/wg/world-grain-august-2024
https://digital.world-grain.com/sosland/wg/world-grain-july-2024
https://digital.world-grain.com/sosland/wg/world-grain-june-2024
https://digital.world-grain.com/sosland/wg/world-grain-may-2024
https://digital.world-grain.com/sosland/wg/world-grain-april-2024
https://digital.world-grain.com/sosland/wg/world-grain-march-2024
https://digital.world-grain.com/sosland/wg/world-grain-february-2024
https://digital.world-grain.com/sosland/wg/world-grain-january-2024
https://digital.world-grain.com/sosland/wg/world-grain-december-2023
https://digital.world-grain.com/sosland/wg/world-grain-november-2023
https://digital.world-grain.com/sosland/wg/world-grain-october-2023
https://digital.world-grain.com/sosland/wg/world-grain-september-2023
https://digital.world-grain.com/sosland/wg/world-grain-august-2023
https://digital.world-grain.com/sosland/wg/world-grain-july-2023
https://digital.world-grain.com/sosland/wg/world-grain-june-2023
https://digital.world-grain.com/sosland/wg/world-grain-may-2023
https://digital.world-grain.com/sosland/wg/world-grain-april-2023
https://digital.world-grain.com/sosland/wg/world-grain-march-2023
https://digital.world-grain.com/sosland/wg/world-grain-february-2023
https://digital.world-grain.com/sosland/wg/world-grain-january-2023
https://digital.world-grain.com/sosland/wg/world-grain-december-2022
https://digital.world-grain.com/sosland/wg/world-grain-november-2022
https://digital.world-grain.com/sosland/wg/world-grain-october-2022
https://digital.world-grain.com/sosland/wg/world-grain-september-2022
https://digital.world-grain.com/sosland/wg/world-grain-august-2022
https://digital.world-grain.com/sosland/wg/world-grain-july-2022
https://digital.world-grain.com/sosland/wg/world-grain-june-2022
https://digital.world-grain.com/sosland/wg/world-grain-may-2022
https://digital.world-grain.com/sosland/wg/world-grain-april-2022
https://digital.world-grain.com/sosland/wg/world-grain-march-2022
https://digital.world-grain.com/sosland/wg/world-grain-february-2022
https://digital.world-grain.com/sosland/wg/world-grain-january-2022
https://digital.world-grain.com/sosland/wg/world-grain-december-2021
https://digital.world-grain.com/sosland/wg/-world-grain-november-2021
https://digital.world-grain.com/sosland/wg/world-grain-october-2021
https://digital.world-grain.com/sosland/wg/world-grain-september-2021
https://digital.world-grain.com/sosland/wg/world-grain-august-2021
https://digital.world-grain.com/sosland/wg/world-grain-july-2021
https://digital.world-grain.com/sosland/wg/world-grain-june-2021
https://digital.world-grain.com/sosland/wg/world-grain-may-2021
https://digital.world-grain.com/sosland/wg/world-grain-april-2021
https://digital.world-grain.com/sosland/wg/world-grain-march-2021
https://digital.world-grain.com/sosland/wg/world-grain-february-2021
https://digital.world-grain.com/sosland/wg/2021_01_01
https://digital.world-grain.com/sosland/wg/2020_12_01
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https://digital.world-grain.com/sosland/wg/2020_07_01
https://digital.world-grain.com/sosland/wg/2020_06_01
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https://digital.world-grain.com/sosland/wg/2020_03_01
https://digital.world-grain.com/sosland/wg/2020_02_01
https://digital.world-grain.com/sosland/wg/2020_01_01
https://digital.world-grain.com/sosland/wg/2019_12_01
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