Strategie Grains reduced the forecast production of wheat and barley in the EU
Experts Strategie Grains has lowered the forecast of production of soft wheat and barley in the EU through dry weather in Central and Eastern Europe in the Wake of heavy rainfall in France and South-West of the EU.
compared to the may report evaluation of the soft wheat crop in 2019 decreased from 143,9 to 142.8 million tons, which is 12% higher than the figure 2018
the Forecast of barley production was reduced by 700 tons to 59.6 million tonnes, which is 7% higher than the crop, 2018
the slowdown caused a slight deterioration of the crops of soft wheat and barley in the EU due to drought in Spain and predictable heat in the East of Europe (in the Baltic States, Poland, Slovakia and the Czech Republic) and to a lesser extent in Germany.
at the same time, the forecast corn production increased by 500 thousand tons to 63.4 million tons.
Assessment of export soft wheat from the EU to 2019/20 Mr reduced by 1.1 million tonnes to 22.1 million tonnes, would still exceed 21 million tons for the current season.
Experts believe that in the new season and the competitiveness of European grain won't be very high. Intensified competition from Ukraine, which could increase exports of wheat because of yield growth, wheat production will grow by 8.4% to 25.9 million tonnes.
At current prices, France will reduce wheat exports compared to 2018/19 MG, whereas Germany, Lithuania and Latvia can increase its export potential.