More Ample World Wheat Supply

WASHINGTON - Apr 10/06 - SNS -- Relative to last month, 2005-06 global wheat production, consumption, imports, exports, and ending stocks increase, according to the latest report from the USDA's World Agricultural Outlook Board.

The largest crop increases occur in Egypt, Pakistan, Uzbekistan, and Paraguay, lifting estimated world output from 616.,77 to 619.25 million metric tons (MT). Larger consumption in Pakistan, Egypt, and Uzbekistan is partially offset by a reduction in India.

Relative to last month, imports are projected to increase for Sudan, Georgia, and Jordan but to decrease for India and China. Paraguay's exports are up. The largest increases in foreign stocks occur in Egypt, Pakistan, and Saudi Arabia. Stocks are down in DU-25 and China as well as several other countries.

Projected U.S. 2005-06 wheat ending stocks are down 10 million bushels from last month due to a reduction in imports and an increase in exports, which are partially offset by lower domestic use.

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