EU long-term grain forecasts, prices bought by Tunisia in December

Published Dec 21, 2023

Tridge summary

The EU is expecting fluctuating grain yields until 2035, with a slight decline in wheat yields but increases in maize and barley yields. Cereal production in the EU is projected to reach 281.2 million tons by 2035, with slight increases in soft and hard wheat production and a 3% increase in maize production, but a 3.4% decrease in barley production by 2035. In the international grain market, Tunisia recently bought a significant amount of soft and hard wheat as well as barley for animal feed from various trading houses and Russia.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Grain yields in the EU are expected to fluctuate at roughly the same levels until 2035. This is according to a report with long-term forecasts recently issued by the Commission. Compared to the 2021-2023 average, wheat yields will see a slight decline (-0.1%), while yields are expected to increase for maize (+4.5%) and barley (+1 .4%). According to the Commission's forecasts, in 2035 the total production of cereals in the EU is expected to reach 281.2 million tons (1.4 million tons more than the three-year period 2021-2023). The production of soft and hard in the EU for the coming years is expected to have a slight increase and range in 2035 to 128.5 million tons and 7.5 million tons, respectively (compared to 127.7 million tons and 7.4 million tons in the period 2021-2023), mainly due to the increase in cultivated areas. Maize production is expected to increase by 3%, which in 2035 is expected to reach 64 million tons (from 64 million tons in 2021-2023). On the contrary, the ...

Source: Agrotypos