Post forecasts wheat consumption in MY 2025/26 at 7.82 million MT, a 3% increase over the previous year
Despite FAS forecasting a decline in wheat and barley production for the upcoming season, output is still expected to remain well above the previous 10-year average.
Wheat consumption is forecast to rebound in 2025-26 to 109 million tonnes, recovering from last year’s dip to 104 million tonnes.
Total domestic corn consumption is forecast to rise to 89.5 million tonnes, reflecting stronger demand.
While this marks a slight recovery from the 2.46 million tonnes harvested in 2024-25, the USDA reports that it remains significantly below the 4.15 million tonnes produced in 2023-24.