World Grain - November 2024 - 22

FEATURE: GLOBAL GRAIN TRADE REVIEW
Reduced wheat supplies
In the World
Agricultural Supply and Demand
Estimates (WASDE) report of Oct. 11, the USDA said
the global wheat outlook for 2024-25 is for reduced
supplies, consumption, and trade but slightly higher
ending stocks.
" Supplies are reduced 1.9 million tonnes, to 1.06 billion,
primarily on reduced production for the European
Union, Russia, India and Brazil, " the USDA reported.
" Declines in supplies were only partially offset by higher
production for Ukraine and larger beginning stocks
for Russia. "
Global consumption was reduced 2.4 million
tonnes, to 802.5 million, with lower food, seed, and
Trade Activity
Marketing years as indicated (in 1,000 tonnes)
WHEAT
2023-24
Top exporters:
1. Russia ...................................... 55,500
2. European Union ..................... 37,850
3. Canada .................................... 25,439
4. Australia .................................. 20,000
5. United States .......................... 19,241
World Total: ................ 221,491 (-0.1%)
Top importers:
1. China ...................................... 13,635
2. Indonesia ................................ 13,015
3. European Union ..................... 12,631
4. Egypt ....................................... 12,311
5. Algeria ....................................... 9,500
FLOUR
2023-24 (estimated)
(1,000 tonnes, wheat equivalent)
Top exporters:
1. Turkey ........................................ 6,000
2. Kazakhstan ................................ 2,600
3. Russia ........................................ 1,050
4. Egypt ......................................... 980
5. Argentina .................................. 550
World Total: .................16,800 (+5.6%)
Top importers:
1. Afghanistan .............................. 3,050
2. Iraq ............................................. 2,065
3. Uzbekistan ................................ 650
4. Yemen ....................................... 500
5. Somalia ..................................... 490
MAIZE
2023-24
Top exporters:
1. United States .......................... 58,169
2. Brazil ........................................ 48,000
3. Argentina ................................ 35,000
4. Ukraine .................................... 29,500
5. Russia ........................................ 6,200
World Total: ..............199,729 (+10.8%)
Top importers:
1. Mexico .................................... 23,500
1. China ....................................... 23,500
3. European Union ..................... 19,500
4. Japan ....................................... 15,500
5. South Korea ............................ 11,300
SOYBEAN MEAL
2023-24
Top exporters:
1. Argentina ................................ 24,400
2. Brazil ........................................ 22,400
3. United States .......................... 14,515
4. Paraguay ................................... 2,100
5. Bolivia ....................................... 1,900
World Total: .................73,674 (+9.8%)
Top importers:
1. European Union ..................... 16,300
2. Indonesia .................................. 5,750
3. Vietnam ..................................... 5,400
4. Philippines ................................ 3,025
5. Thailand .................................... 3,000
RICE
2023-24
Top exporters:
1. India ......................................... 15,250
2. Thailand .................................... 8,800
3. Vietnam ..................................... 8,600
4. Pakistan ..................................... 6,400
5. United States ............................ 3,115
World Total: .................. 54,410 (-0.4%)
Top importers:
1. Philippines ................................ 4,500
2. Indonesia .................................. 3,800
3. Vietnam ..................................... 2,900
4. European Union ...................... 2,100
4. Iraq ............................................. 2,100
SORGHUM
2023-24
Top exporters:
1. United States ............................ 5,969
2. Australia .................................... 1,800
3. Argentina .................................. 1,300
4. Brazil ............................................. 100
World Total: ..................9,418 (+51.7%)
Top importers:
1. China ........................................ 7,700
2. Japan ........................................... 130
3. South Africa ................................. 100
RAPESEED
2023-24
Top exporters:
1. Canada ...................................... 6,750
2. Australia .................................... 5,100
3. Ukraine ...................................... 3,702
4. Russia ........................................... 800
5. European Union .......................... 534
World Total: ................... 17,650 (-9.7%)
Top importers:
1. European Union ....................... 5,462
2. China ......................................... 4,900
3. Japan ......................................... 2,050
4. Mexico ...................................... 1,200
5. United Arab Emirates................. 900
SOYBEANS
2023-24
Top exporters:
1. Brazil .....................................105,000
2. United States .......................... 46,266
3. Paraguay ................................... 7,600
4. Argentina .................................. 5,200
5. Canada ...................................... 4,835
World Total: ...............177,948 (+3.6%)
Top importers:
1. China .....................................111,500
2. European Union ..................... 13,800
3. Argentina .................................. 7,200
4. Mexico ...................................... 6,400
5. Thailand .................................... 3,700
BARLEY
2023-24
Top exporters:
1. Australia .................................... 7,100
2. European Union ....................... 6,752
3. Russia ........................................ 6,200
4. Argentina .................................. 3,200
5. Ukraine ...................................... 2,482
World Total: ..................30,978 (+1.4%)
Top importers:
1. China ....................................... 15,000
2. European Union ....................... 1,919
3. Saudi Arabia ............................. 1,600
4. Iran ............................................. 1,400
5. Japan ........................................ 1,250
Source: International Grains Council, London, England; US Department of Agriculture's Foreign Agricultural Service, Washington, DC
22
November 2024 / World Grain / World-Grain.com
Source:
http://www.World-Grain.com
World Grain - November 2024

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