Coceral raises EU and UK wheat harvest forecast; see a rise in corn

Published 2024년 6월 11일

Tridge summary

Coceral, a grains trade association, has revised its forecast for the EU and UK's soft wheat production up by 400,000 metric tons to 134.5 million metric tons, despite anticipating a 4% decrease from 2023 due to rain damage. The UK's barley harvest projection for 2024 has been reduced to 59.9 million tonnes, however, it remains 10% higher than the previous year. The report also expects Spain to see a significant increase in wheat and barley production this year, following a severe drought in 2023. The EU and UK are estimated to produce 64.8 million tons of corn, up from last year's production. However, Coceral has lowered its rapeseed harvest forecast to 19.4 million tonnes from 20.2 million tonnes in its previous forecast and 21.4 million tonnes in 2023.

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Original content

PARIS (Reuters) - Grains trade association Coceral on Tuesday raised its forecast for this year's "soft" wheat production in the European Union and Britain by 400,000 metric tons to 134.5 million metric tons. , but still expects volume to be 4% below 2023 due to rain damage. In its third forecast for the next harvest, Coceral further lowered its view for the barley harvest in the UK + block in 2024 to 59.9 million tonnes, down from 61.2 previously but still 10% above the year past. "Record rainfall at the end of last year had a major impact on the sowing of winter cereals (wheat/barley) in northwest Europe (France, Germany, UK, Baltics, Poland), while Spain's production will increase substantially relative to 2023", said Coceral in a note. Spain is expected to more than double its wheat and barley production this year after a severe drought devastated crops last year. Denmark and Finland will also have better barley harvests than in 2023, Coceral said. Regarding corn, Coceral ...

Source: NoticiasAgricolas