In the USDA's August World Agricultural Supply and Demand Estimates (WASDE) report, the world is projected to produce 779.60 million tonnes of wheat and provide 208.65 million tonnes for export in marketing year 2022-23.
These are the eight major wheat importing nations/regions by tonnes as listed in the monthly WASDE and their annual production projection.
Russia’s invasion of Ukraine in February and the persistent La Niña climate phenomenon have combined to create some of the most volatile market conditions in recent memory, sending prices skyrocketing as nations that depend on wheat to feed their populations scramble to secure supplies.
