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I.G.C. again lowers world wheat crop forecast
date:Jul 03, 2012
million tonnes from the May projection and down 9 million tonnes, or 6%, from 144 million tonnes in 2011-12. The I.G.C. said reduced milling wheat imports needs, particularly in North Africa, would be nearly balanced by an increase (from the May projection) in feed wheat trade.
Smaller export surpluses in the Black Sea region will see demand switch to other regions in the year ahead, especially the United States, the I.G.C. noted.
The I.G.C. forecast world wheat ending stocks in 2012-13 at 182

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