NOTES
This Report is based on both official and trade sources. While every attempt is made to interpret information accurately, full reliability is not guaranteed. Comments and statistics are subject to regular revision. No part of this Report may be reproduced without permission from, and attribution to, the International Grains Council.
GENERAL NOTES
- Abbreviations/symbols:
- M = million
- bu = bushel(s)
- ha = hectare(s)
- bn = a thousand million
- c = about
- $ = USA dollar
- (…) = not available
- r = revised
- < = revised from previous month
- T = less than half the unit shown
- * EU: EU-28 to 2019/20.
EU-27 from 2020/21
- Total grains: wheat and coarse grains, excluding rice.
- Coarse grains: maize (corn), barley, sorghum, oats, rye, millet, triticale and mixed grains (excl. all products).
- Tons refer to metric tons, unless otherwise stated.
- Figures in brackets refer to corresponding data for previous year, unless otherwise stated.
- Regional totals include estimates for countries not listed.
- Because of rounding, totals may not add.
- In supply and demand sections, carryover stocks totals are the aggregates for different marketing years, and therefore do not represent stocks at a single date. Due to variations in crop years, changes in stocks do not necessarily equal the difference between production and consumption.
- In trade: world totals are normally based on exporter data. CIS includes trade between states. EU excludes intra-trade and export shipments under “inward processing” arrangements.
GRAINS
Production
- Southern hemisphere crops of maize (corn) and sorghum are planted in the year shown but harvested in the following year.
Trade
- All wheat: includes durum, wheat flour and semolina (in grain equivalent).
- PST (Processed Secondary Trade): exports of wheat flour processed from imported wheat (mainly EU and Japan).
- Coarse grains trade excludes all products.
- 2018/19 (18/19): the year July 2018/June 2019 unless otherwise stated.
RICE
Production
- Northern hemisphere main rice crops are typically harvested in the second half of the first year shown. The exception is Vietnam, whose main crop, along with the secondary crops of northern hemisphere producers, is harvested in the first half of the following year. In the case of southern hemisphere countries, secondary and other crops are harvested in the latter part of the first year shown, while their main crops are brought in during the first half of the following year.
Trade
- 2019: calendar year
- 2018/19 (18/19): in the context of supply and demand estimates and forecasts, trade estimates and forecasts are mostly on a calendar year basis for the second year shown, unless otherwise stated.
- All rice: includes paddy or rough rice, brown rice, semi- and wholly milled rice and broken rice.
- Re-exports: exports of imported rice, including estimated cross border trade.
- Five leading exporters: India, Pakistan, Thailand, USA and Vietnam.
OILSEEDS
Trade
- 2018/19 (18/19): the year October 2018/September 2019 unless otherwise stated.
PRICES AND OCEAN FREIGHT INDICES
- The IGC Grains and Oilseeds Index (GOI), is a daily index comprising the following components: wheat, maize (corn), barley, sorghum, rice, soyabeans, soyameal and rapeseed/canola. With January 2000 taken as its base, component weightings are based on their five-year average share of the total trade of all commodities considered. The GOI is made available on the home page of the IGC website (https://www.igc.int/en/default.aspx), where specific details surrounding the GOI and historic data are provided.
- IGC Grains and Oilseeds Freight Index (GOFI) – a measure of movements in freight prices across 68 grains/oilseeds routes from seven key origins: Argentina, Australia, Black Sea, Brazil, Canada, the EU and the USA. The first week of January 2013 is taken as its base of 100, with each route assigned a weighting based on its previous year’s share in total flow of all commodities considered.