EC: Final stocks of wheat in the EU will increase in the 2023/2024 season

Published 2024년 2월 1일

Tridge summary

The European Commission predicts an increase in soft wheat stocks to 19.1 million tonnes by the end of the 2023/2024 season, up from last month's estimate but still lower than the previous season. Soft wheat production is projected to rise to 125.9 million tons, with imports also expected to increase to 7 million tons. However, exports are anticipated to decline from the previous season. Barley production is also set to rise marginally, while corn harvest forecasts remain stable. Expectations for corn exports have been lowered.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Despite the increase, inventories are lower than last year The Commission forecast that at the end of the 2023/2024 season, soft wheat stocks will amount to 19.1 million tonnes. While this is an increase on last month's estimate of 18.4 million tonnes, it remains below last season's figure of 19.4 million tonnes. Increased soft wheat production forecast The report states that the production of soft wheat in the EU in the 2023/2024 season will amount to 125.9 million tons, which means an increase by 200,000. tonnes compared to December estimates and slightly more than 125.8 million tonnes in the 2022/2023 season. The forecast for soft wheat imports in the 2023/2024 season has been increased to 7 million tons, which means an increase of 500,000. tonnes compared to last month, although this figure will remain well below 9.6 million tonnes in the 2022/2023 season. Exports were forecast at 31 million tonnes, up from 32.68 million tonnes last season. EC forecasts for ...

Source: Farmer.pl