Coceral cuts EU corn crop forecast by more than 20% due to drought
Maize (Corn)
Published Sep 17, 2022
Tridge summary
Grain trade association Coceral on Friday cut its forecast for this year's European Union corn crop to 51.9 million tonnes from a previous forecast of 66.0 million tonnes in May (down 21.36%), citing the hot and dry climate in the main producing countries.
Original content
PARIS (Reuters) - Grain trade association Coceral on Friday cut its forecast for this year's European Union corn crop to 51.9 million tonnes from a previous forecast of 66.0 million tonnes in May. down 21.36%), citing the hot and dry climate in the main producing countries. Other analysts also cut estimates for the bloc's corn harvest after a severe drought and successive heat waves that crippled crops during the crucial period of summer development. Coceral cited "significant downward revisions" for Hungary, Romania, France, Italy and Germany after adverse weather affected corn pollination. In contrast, the association said Poland is expected to reap a bountiful crop of more than 7 million tonnes and become the EU's third-largest maize producer behind France and Romania. A corn crop of 51.9 million tonnes would mark a 15-year low for EU production and would be 26% below 2021 production which Coceral estimated at 70.2 million tonnes. Consultancy Strategie Grains on ...
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