World agencies lower forecasts for Europe's grain harvest

Published 2024년 8월 12일

Tridge summary

The USDA expects the EU wheat harvest to decrease to 127.4 million tons due to extreme weather conditions like heavy rains in France and drought in the east, leading to a 27% drop in France's output. This, along with expected declines in global wheat production in countries such as Ukraine, Russia, and Great Britain, has resulted in the International Grains Council predicting a slight decrease in global wheat production for 2024/25. The EU is projected to produce 128.7 million tonnes of wheat in 2024-25, down from 133.1 million tonnes in the previous marketing year. Additionally, the FAO Cereal Price Index has been reduced due to a sustained decline in global export prices for all major cereals.

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Original content

In short: • USDA expects the EU wheat harvest to fall to 127.4 million tons • According to the IGC, the EU will produce 128.7 million tonnes of wheat France could witness its worst soft wheat harvest in four decades due to heavy rains, which could see output fall to 25.2 million tonnes in the 2024-25 marketing year. Such a result would be 27% below the five-year average, says the latest report by Argus Media France. Gauthier Le Molgat, director of Argus Media France, said the entire French grain industry would be affected by the low harvest, approaching the 24.5 million tonnes produced back in 1983. Extreme weather conditions across Europe have affected cereal crops this season - with excessive rainfall in north-west Europe, and drought with extreme temperatures for maize areas in the east. According to the International Grains Council, global wheat production for 2024/25 will be 793 million tonnes, slightly lower than the 2023/24 crop of 804 million tonnes. This is due to ...

Source: Agri