ASIA Grain Conference 2023. Harvest. Trade. Processing.
DATE
Apr 25, 2023

Outlook of world wheat market in 2023/24 MY at Asia Grain Conference

Source

APK-Inform

4106

The global wheat market is influenced by several important factors. On the one hand, wheat stocks in the world may become the highest in the history in 2022/23 MY. On the other hand, world prices remain at a record high level due to geopolitical tensions and uncertainty about the supply of wheat from the Black Sea region.

What trends are typical for the global wheat market in 2022/23 MY and what can we expect from the next season? We will look for answers to these and many other questions at the international Asia Grain Conference, which will be held on April 25-26 in Almaty.


Introducing you one of the speakers of our upcoming conference – Alexander Karavaytsev, senior economist at the International Grains Council (IGC). The topic of his report will be “World wheat market: 2022/23 MY. Expectations for 2023/24 MY: key regions and key factors driving global trends”.


According to him, the situation on the world wheat market in the coming months will largely depend on events in the Black Sea region. Due to the risk of a production decline in Ukraine in the 2023/24 MY combined with a complicated supply from the region, the size of the harvests in other key grain producers and exporters will be of great importance. But there are still such essential factors as logistics, which directly affect pricing and demand in wheat importing countries.

At Asia Grain Conference, you will have the opportunity not only to listen to expert opinions and analysts' forecasts, but also to ask all your questions, make useful contacts, conclude direct contracts, and get the most valuable information for the successful development of your business.

Join us – registration for participation in the conference has already begun!

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