European Commission lowers wheat, barley and maize production forecasts for 2023-24 season, and increases sunflower seed production forecast

In its latest monthly update, the European Commission lowered its EU soft wheat, barley and maize production forecasts. The executive body of the European Union announced the June forecast for soft wheat as 129.9 million tons, decreasing it by 2.7 million tons from the May forecast. The new estimate is 2% below last year's figure, but 4% above the 5-year average. The main production decreases are attributed to Lithuania (705,000 tons decrease), Poland (492,000 tons decrease), Latvia (416,000 tons decrease), Bulgaria (314,000 tons decrease) and Romania (284,000 tons decrease). in Austria, Denmark, Estonia, the Czech Republic and Spain; A total decrease of 511,000 tons is estimated, with roughly equal divisions between the five countries. Corn production estimation in the EU has been reduced by 437,000 tons to 63.9 million tons and it is predicted to be at last year's level. The main decreases were experienced in Romania (691,000 tons), Italy (304.000 tons), Bulgaria (256,000 ...