date:Jan 25, 2016
t prospects remain mostly favourable, the council said.
With only a small drop in all wheat area and average yields predicted, world production is tentatively projected 3% down year on year.
Fall in demand too
Although the drop in output, fostered by poor autumn sowings condition in Ukraine, will facilitate some reduction in world wheat stocks from the record high of 213m tonnes expected at the close of this season, the decline may only be modest.
Because of lower anticipated feed demand, a