25.
03.17
15:20

COCERAL EU harvest estimates at 304 million tons

COCERAL estimates EU cereal harvest 2017 304,4 million tons - so far second highest estimate The umbrella organisation of the European grain and oilseed trader (COCERAL) the EU harvest estimates in its March issue 2017 at 304,4 million t. preceded are an estimate of the European Commission with 313 million t and of European farmers and cooperative association with 296.6 million tonnes. The previous top result is expected in 2014/15 with just under 330 million tonnes in any case. Weak prior-year earnings with 294,5 million tonnes is exceeded. A repetition of the adverse weather conditions will not be accepted. The differences are on the area under cultivation or on earnings expectations . The EU Commission's 56.9 million ha, COPA/Cocega under 56,06 million ha and COCERAL bases 56,53 million ha. The difference of less than 1 million hectares would same hectare yields of 5.3 t / ha crop differences of 5.3 million tonnes to take. However, the biggest difference between the EU-com and COPA-COGECA is 16.5 million metric tons. Therefore, the revenue forecasts are much more for the bottom line as the area responsible. Actually the farmers and cooperative associations insinuate only an average return of 5.3 tons per hectare, while the EU Commission of 5.55 t / ha. COCERAL expected 5.38 million tons. The differences may seem small, but only 0.1 t / ha yield difference caused already 5.3 million tonnes of crop difference. The share of wheat with approximately 50% ultimate share is less different classified treasure institutions. COCERAL comes to 153.2 million tonnes EU wheat at a yield of less than 6 tonnes per hectare and a slightly larger acreage. The EU comes with just 152 on a similar result. In contrast, COPA-COGECA estimates only 150.5 million tonnes at a yield expectation of only 5.7 t / ha. In the case of maize crops the EU Commission assumes high 66.6 million tonnes, by a 3% higher harvested area and 6% higher yields occur. The two other estimators can be corn from 60.5 to 61 million tonnes. In both cases, the assumptions to the surface and the proceeds have fallen much lower. In the case of the barley harvest , the EU Commission estimates approximately 63 million tonnes, Coceral comes down to 61 million tonnes and COPA-COGECA expects only 58.7 million t. The next estimates will be increasingly shaped by the refinement of production statistics and further corrections of the revenue estimates as a result of the assessment of the seed stand at the spring development.

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