LONDON, Jan 13 (Archyde.com) – The International Grains Council (IGC) on Thursday raised its forecast for world wheat production in the 2021/22 season, partly driven by an improved outlook for the Australian crop.
In its monthly update, the intergovernmental body increased its outlook for the world wheat harvest for 2021/22 by four million tonnes to 781 million tonnes.
The IGC, meanwhile, cut its forecast for world corn production in the 2021/22 season by 5 million tons to 1,207 million tons with projections for Argentina and Brazil revised downward.
(Information by Nigel Hunt; Edited in Spanish by Javier Leira)