Adds particulars, background
LONDON, July 29 (Reuters) – The Worldwide Grains Council (IGC) on Thursday trimmed its forecast for the 2021/22 world wheat crop, with drought driving downward revisions for the US and Canada.
In its month-to-month replace, the inter-governmental physique lower its 2021/22 world wheat crop outlook by 1 million tonnes to 788 million with the diminished outlook for North America partially offset by improved prospects within the European Union.
A scorching drought has curbed crop potential for spring wheat in the US and Canada.
The IGC lower its forecast for this 12 months’s U.S. wheat crop to 47.5 million tonnes, from a earlier projection of 51.1 million, whereas it put Canada’s crop at 28.5 million, down from 32.three million seen final month.
Within the European Union, nonetheless, manufacturing was upwardly revised to 137.7 million tonnes from 136.zero million, pushed by improved outlooks for crops in France, Hungary and Romania.
The EU’s crop monitoring unit, MARS, earlier this week raised its estimate of the typical EU smooth wheat yield to six.05 tonnes per hectare (t/ha) from a projected 6.01 t/ha in June, including exceptionally excessive rainfall in a number of nations was more likely to hit grain high quality fairly than yields.
Different upward revisions included Pakistan (27.zero million from 25.5 million) and Australia (28.9 million from 28.zero million).
The IGC additionally raised its forecast for world corn (maize) manufacturing within the 2021/22 season by 1 million tonnes to 1.202 billion tonnes.
(Reporting by Nigel Hunt; enhancing by Jason Neely and Steve Orlofsky)
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