Corn production in Europe collapses due to drought
Published Sep 21, 2022
Tridge summary
Following a double electoral campaign - national political elections and Sicilian regional elections - inevitably leads us to neglect agriculture a little, a sector that I Nuovi Vespri closely follows. Today we try to take stock of the situation of some cereals in Europe. Starting from a note from Coceral, the European association for the trade in cereals, cited in its report by the analyst of international markets, Sandro Puglisi.
Original content
Well, Coceral reduced its projection for corn production in the Union "from 65.99 MMT in May to 51.89 MMT after several key growing countries were damaged by long periods of hot and dry weather during the Summer". The "significant downward revisions" concern France, Germany, Italy and Romania. “If realized - we read in the Puglisi report - this would be a minimum of 15 years and 26% below the 2021 production of 70.21 MMT”. In short, climate change - in this case drought - continues to rage even in the Old Continent. This is not good news. Reorganization for the European Union is not self-sufficient for maize and soybeans and since meat farms cannot do without maize and soybeans, everything in this sector will depend on imports. It is no coincidence - according to the latest data provided by the European Commission - that EU maize imports in 2022/23 are recording a 63% higher trend compared to last year's pace, with 5.14 MMT. Yet another demonstration that, for corn, the European ...
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