Global Grain Production Forecast Cut by 3 Million Tonnes

27-Apr-2026 05:33 PM

New Delhi. The International Grains Council (IGC) has revised its global grain production forecast for the 2026-27 season, lowering it by 3 million tonnes—from the 2,417 million tonnes projected in its March report—to set it at 2,414 million tonnes in its April report.

Specifically, significant downward adjustments have been made to the production estimates for wheat and maize. The Council notes that the ongoing crisis in West Asia could lead to a shortage of chemical fertilizers in certain countries, potentially impacting the sowing of grain crops as well as yield rates.

The IGC report states that fertilizer stocks and usage are likely to decline in several countries across the Southern Hemisphere. Furthermore, elevated fertilizer prices could also contribute to a reduction in their application.

Although the grain production forecast has been lowered by 3 million tonnes on a month-on-month basis, the revised figure of 2,414 million tonnes still stands as the second-highest production level recorded to date. Compared to the March report,

the April report features a downward revision in the global grain utilization forecast, while import-export projections have been held steady, and the estimate for carryover stocks has been increased. Global grain consumption is projected to reach 2,437 million tonnes.