top of page
NEWS.png

Global Grain Consumption to Reach Record High in 2017/18 - IGC


The London-based International Grains Council (IGC) expects global grain consumption to reach a record high of 2.1 billion tons in 2017/18 due to new highs in demand from the food, feed, and industrial sectors.

New highs in wheat demand are forecast to be driven by climbing need from the food sector, while corn usage will reach a new high due to demand from the feed and industrial industries.

The global grain harvest for the 2017/18 season is projected to be 2.079 billion tons - the second largest on record, according to the Council’s monthly Grain Market Report. However, due to tight supplies and continued high demand, the council predicts that stocks will fall for the first time in five years with a carryover of 496 million tons at the end of 2017/18 - 5 percent less than the carryover of 523 million tons at the start of the year.

NeverStop - 650x85.jpg
CPM Logo Image
LECO Ad Image
MOSOY-NovDecJan-1000 x825-02.png
UA News Subscribe Image

CONTRIBUTE

Contact Lynda Kiernan-Stone,

editor of Unconventional Ag News, to submit a story for consideration: 
lkiernan-stone@highquestgroup.com

bottom of page