Negative 10-year record in cereal production, EU pays for lost income

Published 2024년 10월 16일

Tridge summary

The EU's cereal production for 2024/2025 is forecasted to be 260.9 million tons, a 7% drop from the five-year average and the lowest in a decade, primarily due to adverse weather and reduced cultivation areas. Excessive rain and droughts have notably decreased wheat and corn yields, with significant reductions in maize production in Romania, Bulgaria, and Hungary. Although barley and durum wheat production has risen, overall cereal yields are down by 2% compared to last year. The EU Commission has allocated 119.7 million euros to aid farmers in Bulgaria, Germany, Estonia, Italy, and Romania affected by extreme weather, with additional compensation expected for damages from mid-summer onwards.

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

Original content

The total production of cereals in the EU, for the period 2024/2025, is estimated by the Commission to reach 260.9 million tons, about 7% below the five-year average. This is the lowest production in the last decade, due to adverse weather conditions affecting yields and, in part, the reduction of cultivated area (4% below the five-year average). Last winter, excessive rain disrupted planting in north-west Europe, reducing the total area planted and EU common wheat production (-9.5% year-on-year). Excessive moisture persisted throughout the winter and spring of 2024, adversely affecting plant growth. Also in many parts of Europe, drought and heatwaves (especially in the southeast and Mediterranean regions as well as in Greece) affected corn yields. In the EU the production of maize and triticale is expected to decrease by around 4% and 6% on an annual basis respectively. In contrast, production of barley and durum wheat is up, by about 6% and 3% respectively compared to last year, ...

Source: Agrotypos