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Coceral raises EU and UK wheat and rapeseed crop forecasts to 2023 and lowers corn

Updated Mar 24, 2023
PARIS (Reuters) - Grains trade association Coceral on Friday raised its forecast for this year's soft wheat production in the European Union and Britain to 144.5 million tonnes from 143.3 million tonnes in December. . That would be above 2022 wheat production in the EU and Britain, estimated at 142.3 million tonnes. Larger harvests are mainly expected for Spain, Italy, Hungary and the Balkan countries, Coceral said. Coceral also raised its outlook for 2023 rapeseed production in the EU plus Great Britain to 21.1mt from 20.4mt initially projected in December. This would now be level with estimated rapeseed production in 2022, with an increase in acreage for this year expected to be offset by a drop in yields from last year's high level, Coceral said.
PARIS (Reuters) - Grains trade association Coceral on Friday raised its forecast for this year's soft wheat production in the European Union and Britain to 144.5 million tonnes from 143.3 million tonnes in December. . That would be above 2022 wheat production in the EU and Britain, estimated at 142.3 million tonnes. Larger harvests are mainly expected for Spain, Italy, Hungary and the Balkan countries, Coceral said. Coceral also raised its outlook for 2023 rapeseed production in the EU plus Great Britain to 21.1 million tonnes, from 20.4 million initially projected in December. This would now be level with estimated rapeseed production in 2022, with an increase in acreage for this year expected to be offset by a drop in yields from last year's high level, Coceral said. For corn, the association reduced the production forecast to 62.3 million tons, down from 64.5 million previously, although this still represents a strong recovery from last year's ...
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