The International Grains Council (IGC) has raised its grain harvest forecast to 2.4 billion tonnes, several million tonnes higher than its previous estimate and approximately 4% higher than last season's result. For the first time, total global grain supply will exceed 3 billion tonnes, according to World of NAN.
Wheat and corn remain the key growth drivers. The wheat harvest is forecast to exceed 800 million tonnes, while corn is expected to reach approximately 1.2 billion tonnes. Consumption is also growing, increasing by 50 million tonnes over the year, primarily due to increased grain use in livestock production.
Global grain trade also promises to be robust, with volumes potentially reaching 438 million tonnes, the second-highest level ever. Experts note that robust demand from importers will support market activity and create a favorable pricing environment.
Other crops are showing mixed trends. Soybean trade is set to break a record, rice will reach maximum carryover stocks, and chickpea production will continue to grow thanks to strong demand in Asia and the Middle East.
For Kazakhstan, the record global grain harvest brings both new export opportunities and risks: increased global supply could put pressure on prices and increase competition from other exporters, making logistics and trade efficiency particularly important.