Due to the drought, forecasts for the grain harvest in the European Union worsen

The European Cereals Trade Association COCERAL, in its fourth forecast in 2023, estimates the total cereal harvest in the EU-27 and the UK at 289.8 million tonnes. The expected result is lower than the June forecast of 296.7 million tons, as well as the 2022 harvest, which was 290.1 million tons. The main reason for the deterioration of the forecast is that the early drought in the northern part of the EU had a greater impact than expected. Harvest forecasts were significantly reduced for Bulgaria, Germany, Denmark, Sweden, Finland and Latvia. Wheat production (excluding durum wheat) is expected to be 141 million tons. This is also down from the last forecast of 142.4 million tons and below last year's crop of 143.6 million tons. Expectations for the production of barley in 2023 are for 54.7 million tons. The trend is again no exception, as the previous forecast was for 56.6 million tons of production, and 58.6 million tons in 2022. The corn harvest is estimated at 60.8 million ...