COPA-COGECA estimates a 2015/16 so far the lowest EU cereals harvest.
The Confederation of farmers and cooperative associations at European level COPA-COGECA has issued in its recent publication to the EU grain harvest the previously lowest forecast of 296.6 million tonnes. COCERAL, the European umbrella organization of the grain traders, has estimated in its last estimate 3 weeks ago even a crop of about 302 million tonnes. The EU Commission is assumed to end of June yet 307 million tonnes. Private treasure institutions are similar to high level.
COPA-COGECA has taken into account the possible effects of unfavourable weather developments in the recent period in in his recent assessment. In wide areas of Central Europe, precipitation deficits have been observed over weeks and months. This also applies to large regions in Spain. France has seen a cheap winter and spring period, but the conditions were not so good in the northeastern part. The recent heat wave has affected France particularly deep. The most recent assessments of the French wheat stocks have fallen by 10 percentage points.
The EU wheat crop estimates COPA COCERAL to 137 million tons, while other institutions of treasure at 140 million tonnes and above are. The favourable results of threshing the early harvested areas are still little relevance, because they have been little affected by the latest weather developments. The gelt for the cereals richest country of France, whose wheat harvest is only up to 15%.
Compared to the previous year means the latest EU estimate of 296 million tonnes one Minderbetrag from rd 30 million tons. This corresponds to almost the entire EU wheat export to third countries. Should the estimate come true the supply balance will be much more closely. The scope for export should be restricted as a result.
