World wheat production in the 2023/24 season is planned at 784,91 million tons (+1,9 million tons). This is evidenced by data from the USDA report for January. USDA experts have increased their forecast for wheat harvest in Ukraine in 2023/24 marketing year — 23,4 million tons (+0,9 million tons). The export estimate increased to 14 million tons (+1,5 million tons). Analysts increased the forecast of final reserves by 1,8 million tons up to 4,38 million tons.

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