date:Oct 22, 2012
arse grain carryovers.
At the current forecast levels, the world cereal stock-to-use ratio is projected at 20.7%, which compares with 22.8% last season and with the low of 19.2% registered in 2007/08. Global wheat inventories are foreseen to reach 172 million tons, down 11% (21 million tons) from the previous season and almost 2 million tons less than in the September forecast.
The reduction in wheat inventories is likely to be most pronounced in Kazakhstan, the Russian Federation and Ukraine