Short-term outlook for EU cereals and oilseeds

Published 2024년 10월 21일

Tridge summary

The EU's cereal production for 2024/25 is forecasted to be 260.9 million tons, the lowest in a decade, due to adverse weather and reduced cultivation area, with significant declines in soft wheat and maize. This decrease may further reduce EU cereal exports, already 13% below the 5-year average, while imports rise by 7.5%. Despite stable domestic demand for animal feed, EU oilseed production is expected to fall by 8% due to a smaller rapeseed area and adverse weather, although soya bean production increases by 11%. The EU's oilseeds trade balance remains negative, with a 5% drop in oilseed meal imports, while protein crops production grows by 12.6%, led by field peas and broad beans.

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

Original content

The 2024/25 EU cereal production is estimated at 260.9 million t, around 7% below the 5-year average and down 3% from 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 to a reduction in cultivated area (4% below the 5-year average). Soft wheat and maize are the most affected, while oats, barley, and durum wheat production increase. The reduced domestic production could result in lower 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 of animal feed remains stable with ample availability of feed wheat for EU livestock producers. The EU oilseed production in 2024/25 is expected at 29.7 million t (-8% year-on-year), due to a reduction of rapeseed cultivated area and adverse weather conditions affecting sunflower seeds. By contrast, soya bean production increases, reflecting ...

Source: Pig 333