EU-com appreciates a EU grain supply 2017/18 slightly higher In its most recent monthly edition has the European Commission (EU com) presented a first preview for the cereals year 2017/18. The EU-com first one-shot, that overlay stocks from the year with approximately 38 million t be considerably lower than in previous years between 45 to 50 million tonnes. The EU harvest 2017 is estimated at approximately 313 million tons , slightly higher than 2015, but rd. 18 million tonnes more than in the current year. The previous top crop of 331 million tonnes in the year 2014 is not achieved. For individual types of grain of wheat by about 9 million tonnes is estimated higher. The maize to 6 million tonnes more supply and the barley is expected rd. 3 million tonnes more. The acreage to fall only marginally taller, higher average earnings expectations of 5.5 t instead of 5.2 tonnes per hectare are crucial in the previous year. In the case of wheat it is of 6 t / ha on average. Should be noted that in the expiring year high rainfall have greatly affected the Flächenerträge. Of domestic consumption is slightly higher estimated 286.6 million tonnes. The feed consumption has the greatest share rd. 175 million t. Just under 66 million tonnes is estimated for direct human consumption. For the production of bioethanol 13 million are included in the. The grain export is expected to increase again. Instead of 35 Mio.t in the current year, about 43 million tonnes are expected in 2017/18. The high exports of previous years by 50 million tonnes are not expected. Should grow at the end of the marketing year 2017/18 the overlay holdings only by 2 million tons to 39.8 million tonnes. Keep inventories significantly lower than the average of previous years. The conclusion from this is that the supply situation 2017/18 only better is likely to be little compared to this year. If no basic changes resulting in the other grain markets at world level, it could be of broadly stable prices. But until the next harvest a lot on the move is advised that ensures that the perspective of today's still several times must be reviewed.
