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World wheat reserves are enough for 18 weeks only

World wheat reserves are enough for 18 weeks only…

Wheat stocks in the world will last from the end of the agricultural year 2022-2023 (July 1, 2022 – June 30, 2023) for only 18 weeks.

According to forecasts by Sovcon, which studies agricultural issues, projected global wheat stocks at the end of 2022-2023 should cover approximately 18 weeks of global consumption.

Analysts note, that this is well above the record 11-week low in 2007-2008.

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