This is just one of the findings of the latest short-term outlook report published on 3 October 2018 by the European Commission.
The report highlights that EU total cereal production for 2018 is expected to be at 284.3 mt, a decrease of 5% compared to 2017/18 and of 8% compared to the last five-year average. Wheat harvest has suffered the most from this summer’s dry conditions, leading to a decrease of 9% compared to 2017. The wheat production forecast is set at 129 mt for 2018.
Consequently, EU cereal prices have peaked during August reaching levels higher than last year, with for example €50 per tonne for wheat and €60 per tonne for barley.
Wednesday October 3, 2018/ EC/ European Union.