FO Licht Sees 09-10 World Wheat Output At 666.69M Tons

World 2009-10 wheat production is revised up to 666.69 million metric tons, from the October estimate of 663.37 million tons, Germany-based analytical firm F.O. Licht said Monday. This is a 2.6% fall on the year. European Union 2009-10 wheat production was revised up 830,000 tons on the month to 138.48 million tons, said the firm.

“Wheat production for the 2009-10 season was revised slightly up to 666.7 million tons thanks to better than expected results in India and Europe, where reduced production in France was compensated by positive revisions in Romania, Italy, and several smaller nations,” said the firm.

World 2009-10 corn production was revised up 2.31 million tons on the month to 778.51 million tons, while world 2009-10 barley production was revised up 960,000 tons on the month to 146.99 million tons.

However, the corn and barley crop estimates remained below the bumper production figures of 2008-09.

Source: CME Group