Wheat stocks in the European Union show an increase for the 2023-24 season

Published Feb 2, 2024

Tridge summary

The European Commission has increased its projections for the EU's soft wheat ending stocks for the 2023-24 marketing year to 19.1 million tonnes, up from 18.4 million tonnes. The estimated usable soft wheat production has also been raised to 125.9 million tonnes, a 200,000 tonne increase since December. Soft wheat imports for the same period have been adjusted to 7 million tonnes, a 500,000 tonne increase from the previous month. However, barley production is expected to drop to a 12-year low of 47.4 million tonnes, while the corn harvest forecast remains steady at 61.4 million tonnes.
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

The European Commission, in its monthly supply and demand data, revised upwards projections for soft wheat ending stocks in the European Union (EU) for the 2023-24 marketing year, according to information from Reuters. Soft wheat stocks were estimated at 19.1 million tonnes, an increase from the previous forecast of 18.4 million tonnes in December, but still below last season's 19.4 million tonnes. The report also highlighted usable soft wheat production in the EU, estimated at 125.9 million tonnes for 2023-24, an increase of 200,000 tonnes since December, slightly exceeding the 125.8 million tonnes for 2022-23. Projected soft wheat imports for 2023-24 were adjusted to 7 million tonnes, an increase of 500,000 tonnes from the previous month. Despite this, they remain significantly below the 9.6 million tonnes recorded in 2022-23. Exports were estimated at 31 million tons, compared to 32.68 million tons in the previous season. As for barley production, the Commission's ...
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