# Plenty of wheat, expensive ships and expensive fertiliser: the IGC's read on world grain

> The International Grains Council's executive director said world wheat production for 2026/27 is forecast at 820m t, down 3% from last year's record, with big exporters' output falling sharply. The IGC expects world wheat trade to fall by about 15m t, and its wheat export price index remains 46% below its May 2022 peak.

- Date: 2026-11-13 · published 2026-11-13T21:10:43.440Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/98467-plenty-of-wheat-expensive-ships-and-expensive-fertiliser-the-igc-s-read-on
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Lower exporter output and shrinking trade volumes tighten the wheat supply available to importers, but ample global stocks and a price index well below its peak limit upside. Higher freight and fertiliser costs add to feed producers' expenses.

## Read by commodity

- WHEAT: neutral
- KWHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-11-06 | [India’s rice production on the rise \| 2020-11-06  \| World Grain](https://feedsoft.ai/events/50116-india-s-rice-production-on-the-rise-2020-11-06-world-grain.md) | +0.0% | -6.3% |
| WHEAT | 2024-02-22 | [Global wheat shipments withstood the shock of Russia’s invasion of Ukraine](https://feedsoft.ai/events/14326-global-wheat-shipments-withstood-the-shock-of-russia-s-invasion-of-ukraine.md) | -4.3% | -4.8% |
| WHEAT | 2021-11-26 | [Wheat estimates climb ahead of ABARES' revision - Grain Central](https://feedsoft.ai/events/44020-wheat-estimates-climb-ahead-of-abares-revision-grain-central.md) | -0.8% | -3.5% |
| WHEAT | 2019-11-22 | [Wheat production, trade rising: IGC - Grain Central](https://feedsoft.ai/events/55997-wheat-production-trade-rising-igc-grain-central.md) | +1.6% | -0.7% |
| WHEAT | 2017-03-30 | [World grain output expected to fall as record 2016 harvest weighs on prices](https://feedsoft.ai/events/72022-world-grain-output-expected-to-fall-as-record-2016-harvest-weighs-on-prices.md) | +0.4% | +1.2% |
| KWHEAT | 2026-05-29 | [Wheat shipping costs rise via Pacific routes \| Feed & Grain](https://feedsoft.ai/events/16857-wheat-shipping-costs-rise-via-pacific-routes-feed-and-grain.md) | -4.5% | -4.8% |
| KWHEAT | 2016-11-10 | [Wheat \| World-grain.com \| November 10, 2016 20:14 \| World Grain](https://feedsoft.ai/events/73889-wheat-world-grain-com-november-10-2016-20-14-world-grain.md) | -0.4% | -3.6% |
| KWHEAT | 2023-04-12 | [The USDA raised its consumption forecast and lowered its estimate of wheat stocks, but prices continued to fall](https://feedsoft.ai/events/36464-the-usda-raised-its-consumption-forecast-and-lowered-its-estimate-of-wheat.md) | +1.5% | +4.4% |

## Sources

- agriwebmedia.co.uk: https://www.agriwebmedia.co.uk/aic-conference-igc-arnaud-petit-world-grain/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.