Experts cut EU wheat harvest forecast due to excessively hot conditions in major producing countries

Published Aug 10, 2023

Tridge summary

The EU's soft wheat production forecast for 2023/24 has been lowered by 1.4 million tons to 124.7 million tons, attributed to disappointing yields in France, Germany, and Croatia due to hot and dry weather. Rain in Scandinavia, the Baltic countries, and Poland is further causing concerns by delaying harvesting and impacting grain quality. Meanwhile, the corn harvest forecast has also been reduced by 2.1 million tons to 58.7 million tons, but recent rains in certain regions may help prevent further deterioration.

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

Original content

The August report by Stratégie Grains lowered the forecast for soft wheat production in the EU in 2023/24 MY by 1.4 million tons compared to the previous figure - to 124.7 million tons, which is lower than the result of the previous year (125.3 million tons). Experts attribute the downward adjustments to disappointing yields in France and Germany due to hot and dry weather in the spring. Also in Croatia, the harvest was lower than expected. Rains in Scandinavia, the Baltic countries and Poland are also worrisome, not only slowing down harvesting, but also worsening grain quality. Nevertheless, in the Czech Republic, Hungary and Slovakia, the weather conditions favorably influenced the condition of the crops. In parallel, due to a lower-than-originally expected yield outlook in southeastern Europe, the corn harvest forecast has been cut by 2.1 Mt per month to 58.7 Mt (52.1 Mt in 2022/23 MR). Recent rains in Poland, northern France and Germany have brought some relief ...

Source: Zol