Attache Sees Better EU Grain Crop, But Stocks Tight

November 15, 2011 04:46 AM
 

The U.S. ag attache in the European Union (EU27) has raised its estimate of the region's grain crop to 282.5 million metric tons (MMT), up 2.5 MMT, but says stocks will remain tight.

Of the total, the attache pegs total wheat production at 137.5 MMT, up 1 MMT due to reduced concerns about France's crop, with corn production also raised 1 MMT at 62.0 MMT.

With regards to the outlook for the grain harvest in 2012, the attache says dry weather has seen challenging planting conditions in much of the EU27, particularly for the UK, Bulgaria, Romania and Hungary. "Recent rainfalls, however, has come as some relief to producers also concerned about water availability for the late running winter plantings, particularly in the north and west of Europe," it states.


 

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