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I believe global wheat production is around 730 million tons/year. Not Billions. That’s the error.
Is there some error in the reported statistics? This article quotes a figure of 730 billion tons of wheat produced worldwide per year. The total human population is roughly 7.6 billion. That’s just under 100 tons of wheat for every human being on Earth! People eat 7-8 tons of food per year so this suggests an enormous surplus, not a looming shortage.