USDA attache sees EU 2024/25 wheat production at 127.4 million T
In the marketing year 2024/25, EU grain production is projected to fall due to reduced planted areas and lower yields, with the exception of barley and oats. Wheat production is anticipated to decline to 127.4 million metric tons (MMT), influenced by a significant drop in the French wheat crop and lower outputs in Germany, Hungary, Poland, and Romania. The EU wheat area has been slightly reduced due to decreased plantings in several countries, which is not offset by increased areas in others.
“EU grain production in MY (marketing year) 2024/25 is expected to decline from last year’s levels due to a combination of smaller area planted to grains and lower yields affecting all grains except for barley and oats … Overall, EU wheat crop in MY 2024/25 is expected to decline to 127.4 MMT (million metric tons), driven by a sharply reduced French wheat crop, and lower German, Hungarian, Polish, and Romanian crops not being offset by a higher Spanish crop. The EU wheat area for MY 2024/25 has been slightly adjusted downward from previous estimates due to lower than previously anticipated plantings in Bulgaria, Czech Republic, Denmark, France, Hungary, and Italy, not being offset by higher areas in Germany, Poland, and Romania.”
To read the full report, click: https://tinyurl.com/mr29e9ju
Source Link : https://www.xm.com/research/markets/allNews/reuters/usda-attache-sees-eu-202425-wheat-production-at-1274-million-t-53898528
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