Wheat stocks in the European Union show an increase for the 2023-24 season

The European Commission, in its monthly supply and demand data, revised upwards projections for soft wheat ending stocks in the European Union (EU) for the 2023-24 marketing year, according to information from Reuters. Soft wheat stocks were estimated at 19.1 million tonnes, an increase from the previous forecast of 18.4 million tonnes in December, but still below last season's 19.4 million tonnes. The report also highlighted usable soft wheat production in the EU, estimated at 125.9 million tonnes for 2023-24, an increase of 200,000 tonnes since December, slightly exceeding the 125.8 million tonnes for 2022-23. Projected soft wheat imports for 2023-24 were adjusted to 7 million tonnes, an increase of 500,000 tonnes from the previous month. Despite this, they remain significantly below the 9.6 million tonnes recorded in 2022-23. Exports were estimated at 31 million tons, compared to 32.68 million tons in the previous season. As for barley production, the Commission's ...