European Union - Grain and feed, annual report
April 21, 2011
Production is forecast to rise to over 286 MMT in the EU27 for Market Year 2011/12 with planted grain area slightly up. If realized, this crop will be 10 MMT higher than the previous year but still 26 MMT below the record harvest of 2008. Rain is currently needed in the west, however, particularly in France, the UK, and Germany. The expectation is for relatively lower carryover stocks from MY2010/11 while internal EU27 demand is forecast slightly higher. Feed grain consumption is expected to marginally recover and industrial grain usage, predominantly in the bioethanol sector, will likely rise again. The ultimate size and quality of the EU27 harvest will remain in tight focus over the coming months given the attention on the exportable surplus, the weather, and the already tight stock situation.
More news from: USDA - FAS (Foreign Agricultural Service)
Published: April 27, 2011