The European Commission lowers wheat and barley production estimates for 2023-24

Published 2023년 7월 10일

Tridge summary

The European Commission has reduced its forecast for EU wheat, barley, and corn production for the 2023-24 crop due to varied weather conditions. Soft wheat production was cut by 2.681 million tonnes mainly due to reduced yields in Poland, while corn production was reduced by 437,000 tonnes. Barley production was also lowered. On the other hand, sunflower seed production estimates were increased, while soybean production forecast remained above last year's levels.

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Original content

The European Commission has lowered its forecast for EU soft wheat, barley, and corn production in its latest monthly update for the 2023-24 crop against the backdrop of contrasting weather conditions across large parts of the continent. The EU’s executive body cut soft wheat production in the June forecast by 2.681 million tonnes from its May forecast to 129.879 million tonnes, due largely to reduced yields in Poland. The new forecast is 2% below last year’s figure but 4% above the 5-year average. The main decreases were attributed to Lithuania, where the forecast was down 705,000 tonnes, Poland (down 492,000 tonnes), Latvia (down 416,000 tonnes), Bulgaria (down 314,000 tonnes), and Romania (down 284,000 tonnes). Austria, Denmark, Estonia, the Czech Republic and Spain accounted for a total reduction of 511,000 tonnes, split roughly equally between the five. Projected EU corn production in 2022-23 was reduced by 437,000 tonnes to 63.95 million tonnes, on par with last year’s ...

Source: UkrAgroConsult