EU Commission estimates EU cereal harvest lower than in the previous month - low importance of price The issued end Oct. 16 estimate of the European Commission to the grain supply 2016/17 is from rd. 5 million tonnes of less grain production in the EU-28 to estimate last month. Especially the corn and wheat crops were again revised downwards. The total harvest is estimated now at about 295 million tonnes. Compared to the previous year were about 16 million tonnes as a result of adverse weather conditions in many parts of the EU of less harvested. The record harvest in the year 2014 of 331 million tonnes will be missed by around 10%. The strongest declines suffered the Winterweizen with a decrease from 151 to 135 million tons. The losses were especially in the largest production area France with -30% found. The barley harvest was only slightly weaker than in the previous year. Rye are cut something better, while Triticale was worse off in income. Fell the corn production due to the adverse weather developments in the final stage of the vegetation close to the weak result of last year with just under 60 million tonnes after initial high expectations. The grain consumption is estimated to 2016/17 only slightly higher. Using for direct human consumption with about 65 million t remains largely unchanged. The consumption in the food sector remains largely constant with 175 million tons. Industrial use is without changes to 32.6 million tonnes estimated. Missing quantities and qualities of insufficient wheat cut the EU export estimated 36.6 million tonnes. In the previous two years, the EU carried out some over 50 million tonnes in third countries. The leadership has lost international wheat export to Russia the EU. On 50 million tonnes of grain inventories built up in the previous two years are significantly degraded at this year's 43.3 million tonnes . Measured at the previous years with overhang be level stands around and under 30 million tonnes still have a sufficient cushion is to mitigate any emerging bottlenecks. Therefore no major price increases are expected for the EU despite a repeated weak crop. In case of need can be used still on a very high powered world market. However moving European courses at the upper end of the price scale international and are sensitive to any change in the situation of the world market.
