Global Wheat Import Decline Forecast Amid Economic Slowdown
Global wheat imports are expected to decline due to economic slowdowns, a strong U.S. dollar, and increased local production. Despite low global inventories, falling demand from major importers like China, Indonesia, and Egypt is offsetting weather-related production issues. Rising domestic production and weaker local currencies are also reducing reliance on global wheat supply chains.
lobal wheat imports are projected to decline this year due to slowed economic growth, a stronger U.S. dollar, and increased local cereal outputs. These factors are putting downward pressure on grain prices despite worldwide inventories reaching their lowest in nine years.
Reduced buying from major importers is likely to offset weather concerns negatively impacting production in key regions like the Black Sea, India, and the U.S. Particularly, China’s reduced demand will affect Australian farmers, who have been dependent on Chinese demand for their wheat. In the first half of 2025, China’s wheat imports are expected to drop below half of the previous year’s volume.
According to analysts and traders, Indonesia and Egypt will also witness slower wheat demand growth. Tighter global stockpiles and volatile geopolitical environments are driving countries to boost domestic production, reducing reliance on global supply chains. Economic challenges in major importers are further exacerbated by weaker local currencies, increasing costs despite low international prices.
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Source : Devdicourse
