Good wheat harvest ensures high availability
PublicationNatural resources
The demand for wheat remains good for the coming season (2019/20) with human consumption and demand from the animal feed industry growing by around 2%.
However, production is increasing by 4%. This difference in the pace of growth between supply and demand means that global stocks are increasing by almost 4%. This means that worldwide the availability of wheat remains good, which translates into price pressure. Meanwhile, the direction of the dollar also influences the wheat price.