Supply Estimate: USDA sees 2024-25 wheat supply down 1.9 mln tn at 1,060 mln tn on low output
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Supply Estimate

USDA sees 2024-25 wheat supply down 1.9 mln tn at 1,060 mln tn on low output

The US Department of Agriculture Friday cut its global wheat supply estimate for 2024-25 by 1.9 million tonnes to 1,060.3 million tonnes due to lower output in the European Union, Russia, India, and Brazil, the department said in its October World Agricultural Supply and Demand Estimates report. In its previous monthly forecast, it had pegged world wheat supply at 1,062.1 million tonnes.

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