FAS points to unfavorable weather, smaller planted area

Planted area increased, but low soil moisture hurt yields

Greater planted area, heavier rainfall key factors

Despite El Niño, wheat estimated at near 10-year average

Ending stocks forecast to increase by 30% year on year

Cheap Ukrainian grain has spurred protests

Drought, conflict and politics making grain transportation more difficult

Letter to European Commission says overabundance hurting their own exports

IGC revises its forecast upward by 200,000 tonnes for 2023-24

European Commission data show 15.84 million tonnes shipped so far in 2023-24