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Tuesday, 23 July 2013

EU: High EU cereals harvest in 2013

A rise in autumn planting of cereals, and favourable weather conditions in recent months, especially in the South of Europe, are likely to see a higher EU cereals harvest this year that could bring market relief and higher stocks in marketing year 2013/14, according to the Commission's Summer 2013 Short Term Agricultural Outlook published at the beginning of July. Thus, total cereal production in 2013 is forecasted to be well above 2012 levels, according to the data provided by the crop yield forecast system developed by the European Commission's in-house science service, the Joint Research Centre (JRC).  
This expected good harvest in the Northern hemisphere could lead to lower feed prices and higher margins for livestock producers, which, in a context of an improved economic situation, could generate an increase in meat and milk production in 2014.
By contrast, poor pasture and forage conditions in Central and Western Europe are expected to affect strongly milk supply in the EU in 2013.
The Outlook report, published three times a year, is based on contributions from the Commission's market experts.
You can consult the Outlook here.

Source: European Commission

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