24.
10.17
08:33

MARS: Maize yields weaker - price surge

MARS is once again lowering EU maize yields - Maiskursen on recovery course In its latest monthly edition, the agrarian meteorological institute of the EU Commission estimates that the EU corn yields are lower in terms of yields . The EU average is expected to be 6.9 t / ha , just above the 5-year average but well below the previous year's level. The results differ in the individual Member States. In the average annual range, Germany, Poland, Austria, Hungary and the countries of the Iberian Peninsula are moving . However, the comparison to the extreme last year provides greater deviations. In Hungary, yields fall by 25% and in Poland by 12% . On the other hand, Germany higher revenues than in the previous year. With sub-average maize yields are expected in Italy, the Czech Republic, Slovakia and Slovenia due to the long-lasting drought in these areas. Above-average results are achieved in France , Romania and Bulgaria, but at different levels.The EU Commission estimates that the European Commission is just under 60 million tonnes. The umbrella organization of European farmers and cooperative associations COPA-COCERAL in its latest crop estimate also only 59.66 million tons. In some cases, the volume of land disposals deviates significantly from the MARS estimates. For Germany, MARS estimates an increase of 10.1 t / ha, while COPA-COGECA expects 9.6 t / ha to be the same as in the previous year.Similar conditions can be obtained in the case of Italy, Spain and Poland. In the case of France and some smaller countries, the results are comparatively close. The corn quotations in Paris, which have been on the decline for weeks, are again showing signs of upturn . Drive comes from the higher valuations in Chicago and the weaker Eurokurs; the fixed course of wheat may also have exercised a supporting function.

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