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IGC World Wheat Projection Up

The International Grains Council is projecting 624 million tons of world wheat production, up 3 million from last month's projections.

In its February 22 Grain Market Report, the International Grains Council forecasts 624 million tons of world wheat production, up 3 million from last month's projection and 34 million from 2006.

While IGC says 2007-08 wheat plantings are down in China, suggesting a potential drop of 4 million tons from 2006-07, the agency projects gains in the U.S., Europe, South America, India and Australia.

For the full report, visit www.igc.org.uk/en/downloads/gmrsummary/gmrsumme.pdf.

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