COCERAL trims EU grain outlook

Published Mar 22, 2024

Tridge summary

COCERAL, the European agricultural trade association, has lowered its 2024 EU/UK grain crop forecast by 1 million tonnes to 295.5 million tonnes, which is still 3.1 million tonnes more than 2023's yield. Wheat production is predicted to fall by 4% to 134.1 million tonnes due to heavy rainfall affecting sowing in northwestern Europe. However, increases are expected in barley and corn production, reaching 61.2 million tonnes and 64.3 million tonnes respectively, with a significant rise anticipated in Spain's output compared to 2023.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

COCERAL, in its latest forecast for the 2024 European Union/United Kingdom grain crop, trimmed its projection by 1 million tonnes to 295.5 million. If realized, it would still be 3.1 million tonnes higher than production in 2023, said COCERAL, a European association that focuses on agricultural trade. Wheat production (excluding durum) is pegged at 134.1 million tonnes, compared to 139.4 million in the December forecast and down from 140 million last year, a 4% year-on-year decrease. Record rainfall late last year had a major impact on winter cereal (wheat/winter barley) sowing in northwestern Europe (France, Germany, UK, Baltics, Poland), while Spain’s production will substantially increase compared to 2023. The EU-27+UK 2024 barley production is now forecast at 61.2 million tonnes, up from 58.6 million in the previous forecast and 55.7 million harvested in 2023. The report noted that barley output in Denmark, ...
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