Prospects for cereal and oilseed crops in the EU

Published 2023년 10월 17일

Tridge summary

EU cereal production for 2023/24 is forecasted to be 4.3% lower than the five-year average, primarily due to adverse weather impacting maize and barley crops. Despite this, the use of cereals for animal feed is expected to stay consistent, while biofuel production may see a 12% increase. The EU remains a net exporter of cereals, with exports to the Middle East and Sub-Saharan Africa growing in recent months. On the other hand, EU oilseed production is performing well, with a 6% increase compared to the previous year and 11% above the five-year average, thanks to higher output of sunflower and soybeans.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

EU cereal production for 2023/24 is expected to be 4.3% lower than the five-year average, at 268.5 million tonnes (1% more than in the previous campaign), due to adverse weather conditions during spring and the summer, which particularly affected maize and barley production. The use of cereals for animal feed could remain stable, while the use of cereals for biofuel production could continue to increase (12% in 2022/23). The EU continues to be a net exporter of cereals, especially wheat. Exports to the Middle East and Sub-Saharan Africa have increased especially in recent months. EU oilseed production is showing a particularly good result, reaching 33 million tons, that is, 6% more than in the ...
Source: 3tres3

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