Experts have lowered the forecast for the soft wheat harvest in the EU

Published 2024년 1월 2일

Tridge summary

Analysts at Refinitiv have lowered their production forecast for soft wheat in the European Union to 125.6 million tons for the 2024-2025 agricultural season, citing lower-than-expected wheat acreage in France due to excessive rainfall. This prediction is more than 2 million tonnes below the current season's harvested crop, and experts believe the downward correction is a result of difficult field work in France. However, warmer weather and sufficient rainfall in the short term are expected to benefit the development of autumn crops across Europe.

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

Original content

Analysts of the company Refinitiv (the former finance and analysis department at "Reuters", in which the agency retained a 45% stake when it was separated as a separate legal entity - note ed.) lowered their production forecast to 125.6 million tons of soft wheat in the European Union during the 2024-2025 agricultural season, starting on July 1, reported the electronic publication APC-Inform. If these predictions are correct, the result will remain more than 2 million tonnes below the harvested crop in the current 2023-2024 season. Experts attribute the downward correction to the lower-than-expected wheat acreage in France as a result of excessive rainfall, which made work ...

Source: Sinor