EU wheat production to hit third all-time high in 2014

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EU wheat production to hit third all-time high in 2014

2014-03-07 10:01 |


media news on March 6: According to the first 2014 wheat production forecast report released by the European Commission, EU wheat production in 2014 is expected to hit the third highest level in history, because the sown area of wheat has increased and the sown area of barley has decreased.

The European Commission expects EU wheat production to be 0.1445 billion tons this year, of which 8.67 million tons will be produced in durum. This figure is higher than the previous year's 0.1439 billion tons. However, it is consistent with the latest data of 0.1451 billion tons released by strategic grain companies. The International Grains Council expects the EU to produce 0.143 billion tons of wheat this year.

That would be the highest level in six years, when it stood at 0.152 billion tonnes, the European Commission said.

However, the European Commission predicts that the final EU wheat inventory in 2014/15 may only increase by 2.4 million tons to 11.8 million tons. From a historical point of view, this data is still low.

Although exports may be reduced by about 3.7 million tons, to 23.3 million tons, it is still higher than the 10-year average of 17.7 million tons.

According to the European Commission, wheat feed consumption is likely to increase by nearly 5 million tons in 2014, partly because wheat will replace barley and corn to some extent, and partly because of higher demand. The Commission said that the EU cow stock increased.

According to the European Commission, wheat production forecasts are based on the premise that weather conditions are normal and help the wheat crop grow well. With the exception of Slovenia, most other regions did not experience extremely cold weather.

However, the report cautioned that the risk of frost still exists because many wheat crops lack snow protection. In western regions such as Ireland and the UK, excessive rainfall may prompt farmers to replay or relay spring crops.

Editor: Jiangwei (China Grain Network)