Short-term outlook for EU cereals and oilseeds

EU cereal production in 2024/25 is estimated at 260.9 million tonnes, around 7% below the 5-year average and 3% below the previous year. EU cereal production is the lowest in the last decade due to adverse weather conditions affecting yields and quality of harvested grains and, in part, a reduction in cultivated area (4% below the 5-year average). Soft wheat and corn are most affected, while production of oats, barley and durum wheat increases. Reduced domestic production could result in a decrease in EU cereal exports. EU cereal exports are 13% below the 5-year average, while imports remain 7.5% above the 5-year average. Domestic demand for animal feed remains stable, with widespread availability of wheat for animal feed in the EU. EU oilseed production in 2024/25 is expected to be 29.7 million tonnes (-8% compared to the previous year), due to the reduction in rapeseed cultivated area and adverse weather conditions affecting sunflower seeds. In contrast, soybean production ...