News

Grain trade aims for 3% more grain corn in the EU

Maize (Corn)
France
Poland
Published Mar 22, 2024

Tridge summary

Coceral's estimate predicts a 1.4% increase in the EU's grain maize area in 2024, reaching 8.65 million hectares with average yields of 7.44 tons. Larger harvests are anticipated in Romania, Spain, and France, despite a decrease in Romania's area. Conversely, smaller corn harvests are expected in Italy, Hungary, Poland, and Slovakia due to reduced sowing areas and yields per hectare. The German corn harvest is projected to rise by 2.8%, a forecast disputed by the German cooperative association DRV, which anticipates a 5% decrease in the German corn area.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

For the time being, the grain trade assumes a larger EU area of grain maize and slightly higher average yields than in 2023. According to Coceral's estimate, the area of grain maize in the EU will increase by 1.4% to 8.65 million hectares. In addition, slightly higher yields (+1.6%) are expected with an average of 7.44 tons. The grain trade expects a larger harvest, especially in Romania. Although the area (-3.5%) is decreasing, higher hectare yields are boosting production by 12% to 11.2 million tons, according to the Coceral estimate. According to this estimate, corn production will also be higher in Spain and France than in 2023. Spain's largest customer for Ukrainian corn In Spain, the area is increasing by a quarter and that makes a significant contribution to a larger harvest. This also reduces the import requirement considerably. This season, the Spaniards are the largest customer of Ukrainian corn entering the EU. In France, the grain trade also expects a serious expansion ...
Source: Boerderij
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