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Market views on the 2021/22 global and domestic grains and oilseeds harvest

Agbiz chief economist, Wandile Sihlobo says the closing session of last week’s Agbiz Grain Symposium offered an opportunity to explore global and domestic grains market developments. The central global theme around production was that the 2021/22 season seems set to show recovery across all major grains and oilseeds. This was echoed by the International Grain Council (IGC) on 23 September when the institution released its monthly update, placing the 2021/22 global grains and oilseeds production estimate at 2,29 billion tonnes, up by 4% from the previous season. The expected recovery in maize, wheat, rice and soybeans production is the primary driver of this forecast.

Published: 27 September 2021