Poland: What grain stocks were estimated to be much higher than previously reported?

Dr. Wiesław Łopaciuk provided many data during his speech, including: cereal balance (excluding buckwheat, millet and other cereals in thousand tonnes). He estimates that in the 2023/2024 season final stocks will amount to as much as 8.4 million tonnes, which is significantly higher than reported by other analysts, who in March estimated the then stocks at approximately 9 million tonnes, and the final stocks, i.e. in June, at approx. 3-4 million tons. This is important in the context of the surplus of grain that is still in farmers' warehouses. Is it that high? The exact calculations can be seen on the slide below. How is this grain surplus assessed now and where do these numbers come from? - Some analysts may disagree with this inventory level. But last year, in response to the EU regulation on reporting inventory levels, the Central Statistical Office began research on monthly inventory levels in entities operating in the grain sector and employing more than 10 people. It is ...