MARKET REPORT FEED & ADDITIVE MAGAZINE March 2024 85 The USDA's February report, on the other hand, paints a slightly different picture from the IGC report in terms of trade. According to the USDA data, the world wheat trade, which was around 199 million tons in the 2020/21 season, amounted to approximately 205 million tons in the 2021/22 season and 216 million tons in the 2022/23 season. In the 2023/24 projection, the USDA forecasts that the amount of wheat that will be subject to world trade will be around 214 million tons. The ranking of the leading countries in international wheat trade did not change much compared to previous years. Russia, the EU, Australia, Canada, the USA, Ukraine and Kazakhstan take the lead in exports. Russia, which is estimated to have exported 47,5 million tons in the 2022/23 season, is expected to realize an export of around 51 million tons in the upcoming season. In the same period, it is predicted that the EU will export 36,5 million tons, Australia 23 million tons, Canada 24 million tons, the USA 20 million tons, Ukraine 15 million tons, Kazakhstan 10 million tons. On the import side, countries such as China, Turkey, EU, Egypt, Indonesia, Algeria, Morocco, Philippines and Japan stand out. The imports of these countries in the 2022/23 season are as follows: China 13.2 million tons, Turkey 12.5 million tons, EU 12.1 million tons, Egypt 11.2 million tons, Indonesia 9.4 million tons, Algeria 8.1 million tons and Morocco 5.7 million tons. These countries are expected to import similar amounts in the coming season as well. Resources: • International Grains Council (IGC), Grain Market Report, 15/02/2024, https://www.igc.int/ • United States Department of Agriculture Foreign Agricultural Service (USDA), Oilseeds: World Markets and Trade Report, February 8, 2024, https:// www.fas.usda.gov/ • Global Wheat Demand: Feeding the World by Milling and Feeding, Stefan Vogel -Global Strategist – Grains & Oilseeds May 2017, Rabobank, https:// research.rabobank.com/far/en/sectors/grains-oilseeds/ global_wheat_demand_article_1.html
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