SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Global wheat production output revised downward to 657 MT: IGC

01 Oct 2012 Evaluate

For 2012-13, the global wheat production output has been forecasted to 657 million tonnes (MT) by the International Grains Council (IGC) which is 5.60% year-on-year decline. The London-based organization last month had forecast the output at 662 MT for 2012-13, lower than the record output of 696 MT last year. This downward revision is mainly due to decline in output in Russia, Australia and Europe.

The top two wheat producing countries in the world are China and India. The crop year varies from country to country. The wheat sowing for 2012-13 in India will start from next month and the harvesting will be undertaken from middle of April 2013.

Compared to the global wheat consumption of 691 MT in 2011-12 this year it is expected to decline to 679 MT as high prices are expected to reduce feed demand. Also, world trade is placed a little lower at 132 MT for this year, against 145 MT in the year ago following reduced trade in feed wheat.

Since the major exporters are becoming increasingly tight, the carry over stock is estimated to be lower at 175 MT as compared to 197 MT in the review period. Due to concerns over Black Sea exports and dry conditions in Australia the global wheat prices have outperformed.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×