Worsening forecast for EU's wheat and barley harvests

게시됨 2023년 3월 21일

Tridge 요약

EU wheat production for the 2023/24 marketing year is projected to increase by 3.5% to 129.5 million tonnes, up from 125.1 million tonnes in the previous year, despite potential drought risks in France and Spain. However, soft wheat exports are expected to decrease by 100,000 tonnes to 30 million tonnes due to reduced flows from Bulgaria and Romania, although this may be revised due to the drought situation in North Africa. The forecast for barley has been slightly reduced to 52.1 million tonnes, while maize production is expected to remain unchanged at 63.4 million tonnes, marking a 24% increase from the previous year.

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원본 콘텐츠

EU wheat production in the 2023/24 marketing year will be 129.5 million tonnes (129.7 million tonnes expected in February), which is 3.5% more than production in the 2022/23 season (125.1 million tons), writes Reuters. "Despite the onset of rainfall in Western Europe and improved crop growth conditions, rainfall levels are insufficient to completely eliminate the risk of drought in the long term, particularly in France and Spain," the report said. As for soft wheat exports, Strategie Grains lowered its forecast for the current season by 100,000 tonnes to 30 million tonnes due to lower-than-expected flows from Bulgaria and Romania. In the upcoming season, the export of soft wheat from the EU is expected at the level of 30.3 million tons, which is 300 thousand tons less than the previous forecast. Among the reasons for the decline, experts point to high competition in the global market, but forecasts may be revised due to the situation in Africa. "North Africa's crop outlook worsens ...

출처: Agrozona