The Food and Agriculture Organization of the United Nations has forecast Iran’s wheat production to increase to 13 million tons in 2022 from an estimated 9 million tons in 2021, which will mark a 44% rise.
In its biannual report on global food markets, FAO has put the 2019-20 average wheat production in Iran at 14.3 million tons.
Due to the projected rise in production, imports are forecast to decline from 7.9 million tons to 3.4 million tons.
The 2018-19 to 2020-21 average import has been put at 1.6 million tons.
Wheat consumption is forecast to slightly increase from 16.2 million tons in 2021-22 to 16.4 million tons in 2022-23.
The three-year average consumption has been put at 15.8 million tons.
According to FAO, Iran’s wheat stocks in the year to 2023 is forecast to decline to 6.9 million tons from an estimated 7 million tons in 2022. The average stocks volume during 2019-21 has been put at 6.4 million tons.
Per capita wheat consumption is forecast to slightly increase to 169.7 kilograms per year in 2022-23 from an estimated 169.4 kilograms per year in 2021-22.
The three-year average per capita has been put at 168.7 kilograms per year.
Global wheat markets are embarking on the 2022-23 season with a great deal of uncertainty. The impacts of the ongoing war in Ukraine, trade policy changes in several countries and high international prices will shape much of the wheat market outlook.