Greece: Conditions for a price of 26 to 28 cents per kilo in threshing floors for durum wheat

Published 2024년 4월 26일

Tridge summary

Recent rainfall in Greece has saved part of the grain production, with a predicted yield of around 900,000 tons, despite a drought reducing yields by 100,000 tons. The new production is expected to hit the market earlier due to early sowing and mild winter, narrowing margins for those holding stocks. The price offered for durum wheat remains around 28 cents per kilo. Turkey's production is doubling the Greek harvest, with potential availability of 1.5 to 2 million tons on the European and North African markets, making it a key factor in the European durum wheat market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The latest rains, despite their differences from region to region, saved to some extent the course of this year's production, as the prolonged lack of rain throughout the previous period had created huge concerns, as it could "sink" yields. The current picture of the country's 3.5 million hectares of grain fields predicts a production of around 900,000 tons, since the drought of the previous period already cut at least 100,000 tons from this year's production. In general terms, one could say that we are headed for a good production, certainly above the average, to the extent that no further adverse weather conditions occur in the next period until threshing. The second element that producers and all market players should keep in mind is that this year's production in Greece is much earlier, as a result of early sowing, the mild winter and the prevailing drought, as already mentioned in the previous interval. This means that threshing will start at least a week earlier than in ...
Source: GRAgronews

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