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World wheat crop outlook keeps growing

The world’s wheat production is projected to hit a record 682.4 million tonnes this crop year, up 2.2 million from last month, paced by bumper harvests in Europe and Russia, the U. S Department of Agriculture said Nov. 10.

Increases in Europe and Russia for 2008-09 more than offset declines in Argentina, Australia, and China, USDA said in its monthly crop report.

Production was raised by 3.4 million tonnes for Europe and by two million tonnes for Russia. Argentina’s production was lowered one million tonnes as early-season dryness limited crop development and reduced yield potential more than previously expected.

Australia’s production was reduced by 1.5 million tonnes as a lack of rain persisted through October in the southern growing areas. There were, however, timely rains in Western Australia in October.

China’s production was pared by one million tonnes as area and yield adjustments were made in line with revisions to 2006-07 and 2007-08.

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