U.S. Department of Agriculture on November 9 in the latest report estimates that China feed demand is expected to increase 200 million tons of wheat, making the global supply tight.
Comprehensive news media on November 9, the U.S. Department of Agriculture forecast in the latest report on Tuesday that China feed demand is expected to increase 200 million tons of wheat, which tightened the global ending stocks, after several months the market Zengyin that the Black Sea region experienced drought decline in wheat supply worries problems.
China's demand for the unexpected growth of wheat around the world wheat production forecast to offset the impact of rising, as South America and Australia to improve crop yield prospects.
As China's demand growth, the end of 2010/11 world wheat stocks are projected down 2.2 million tons.
But global wheat production for 2010/11 is expected to grow 150 million tons, due to Argentina, Australia, Europe and the increase in wheat production in Paraguay, far more than the United States, Russia and other Black Sea wheat production number.
USDA supply and demand report in November said, "Global 2010/11 wheat supplies are projected to increase slightly due to increased global production offset the decline in carryover stocks, most of China reflects the growth in demand for wheat in 2009/10." "Argentina's wheat production increased by 150 million tons of household income due to significant and timely rains contributed to estimated future plantings and yields." In addition, the Australian wheat production expected increase of 100 million tons, due to the eastern crop prospects improved with the output.
U.S. wheat ending stocks, however, expected down to 848 million bushel below the market average forecast 8.55 billion bushels, the USDA estimated 8.53 billion bushels last month.
Ministry of Agriculture, said, "this month, U.S. wheat ending stocks for 2010/11 expected to reduce the estimated 500 million bushels, soft red spring wheat production estimate by 11 million bushels of hard wheat under the revised rate and the rate of 400 million bushels lower well more than the estimated revised rate of imports. "