World wheat production is set to fall to a five-year low following significant downgrades to crop prospects in the European Union and Russia. The inter-governmental body cut its forecast for world wheat production in 2018/19 by 16 million tonnes to 721 million, the lowest total since the 2013/14 season. The EU wheat crop was seen at 139.9 million tonnes, down from a previous projection of 147.3 million, with forecasts for the top four producers in the trading bloc, France, Germany, Britain and Poland, all revised down. Russias wheat crop was forecast to fall to 66 million tonnes, down from a previous projection of 70.9 million and far below the prior seasons 84.9 million. Global wheat stocks were forecast to fall to a two-year low of 247 million tonnes with production set to fail to keep pace with consumption in 2018/19 which was seen at 739 million.