"Despite a forecast modest increase in global demand for wheat in 2010-11, relatively large global wheat supplies (production plus stocks) are expected to place downward pressure on prices. The world wheat indicator price (US hard red winter, fob Gulf) is forecast to fall by 6 per cent in 2010-11 to average US$196 a tonne, following a forecast decline of 23 per cent in 2009-10." (Quoted from paper)