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I.G.C. again lowers world wheat crop forecast
date:Jul 03, 2012
provement from less than ideal conditions earlier in the season.
The I.G.C. forecast world wheat consumption in 2012-13 at 682 million tonnes, up 1 million tonnes from the May projection but down 7 million tonnes, or 1%, from a record 689 million tonnes in 2011-12. The I.G.C. indicated reduced feed use in the current year compared with 2011-12 was expected to outweigh continued growth in food and industrial uses of wheat.
World trade in wheat in 2012-13 was forecast at 135 million tonnes, down 1

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