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IGC maintains global wheat, corn production forecasts
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IGC maintains global wheat, corn production forecasts
Oct 17, 2024 2:31 PM

LONDON, Oct 17 (Reuters) - The International Grains

Council (IGC) maintained its forecasts for 2024/25 global wheat

and corn crops in a monthly update issued on Thursday.

The inter-governmental body kept its global wheat production

forecast at 798 million metric tons, with an improved outlook

for Kazakhstan offset by downward revisions for Australia and

Argentina.

"Localised dryness has slightly curbed wheat prospects in

Australia and Argentina ahead of the main winter harvest

period," the IGC said.

The IGC's forecast for global corn production remained at

1.224 billion metric tons, with small upward revisions for the

United States and India offset by diminished crop prospects in

Russia and Egypt.

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