Poor outlook for EU cereal production

Published 2024년 7월 10일

Tridge summary

The European Union's cereal production is projected to decrease by 4.7% in 2024, with wheat and barley production expected to fall significantly. However, oilseeds production is expected to remain stable, and protein crops like peas, beans, and lupins are expected to see a positive boost with a 13% increase in production. Despite the challenges, the overall outlook for protein crops remains positive. However, unpredictable weather conditions and delays in sowing could potentially disrupt these forecasts.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Cereal production in the EU is expected to experience a significant decline, while oilseeds remain stable, and protein crops such as peas, beans, and lupins, see a positive boost. However, the overall situation remains fragile and could deteriorate further, say experts from the Copa and Cogeca Working Parties for Cereals, Oilseeds, and Protein Crops. They predict a challenging year ahead for EU agriculture. Declining cereal production​ EU-27 cereal production is projected to reach 257.3m tons in 2024, marking a 4.7% decrease compared to the 2023 harvest. Yields are expected to drop slightly by 1.2%, compounded by a 3.5% reduction in the sown area. This results in a notably poor outlook for cereals, with wheat production anticipated to fall by 6.3% and barley by 9%. Corn production is set to remain stable (-0.5%), while oat production shows a significant increase of 21.2%, they forecast. Geographically, Northern and Central/Eastern Member States, including Belgium, France, Denmark, ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.