PARIS, June 10 (Reuters) – Consultancy Strategie Grains on Thursday raised its month-to-month forecast for the 2021 gentle wheat harvest and exports from the European Union subsequent season attributable to improved competitiveness on the world market however lowered them for the present season.
It additionally lifted its EU 2021 barley and maize crop outlook, supported by good climate circumstances.
“Since final month, our forecast for EU-27 gentle wheat exports has elevated by 1.6 million tonnes to mirror the excellent competitiveness of Bulgarian and Romanian wheats and, to a lesser extent, Baltic, German and Polish wheats on early 2021/22 contracts,” Strategie Grains stated, and given the uplift utilized to international import wants since final month.
Strategie Grains expects 2021 EU gentle wheat manufacturing at 131.1 million tonnes, up from 129.6 million in Could and 119.four million final yr.
EU gentle wheat exports in 2021/22 had been now pegged at 28.6 million tonnes, up from 27.zero million projected final month.
That was now properly above the 26.9 million tonnes EU wheat exports projected for this season, an estimate that was lowered by 600,000 tonnes this month. The consultancy didn’t give a purpose for the change.
For barley, Strategie Grains lifted its estimate for the 2021 EU harvest by 300,000 tonnes to 53.9 million tonnes.
It barely raised its forecast of EU maize manufacturing by 100,000 tonnes to 65.three million tonnes.
“The beginning of the maize improvement cycle was sluggish however plant development is now happening amid good circumstances virtually in every single place,” it stated.
TABLE-Strategie Grains estimates for EU-27 cereal crops
(Reporting by Sybille de La Hamaide; enhancing by David Evans)
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