BRUSSELS, BELGIUM – The European Commission on June 24 revised down its soft wheat production forecast for the European Union in marketing year 2021-22, to 125.8 million tonnes compared with last month’s projection of 126.2 million.
If realized, the output would still be 7% higher than last year’s drought-affected total of 117.2 million tonnes.
The Commission pegs soft wheat exports from the EU’s 27 member countries at 30 million tonnes in 2021-22, compared to this year’s projected total of 27 million tonnes. The current marketing year ends on June 30.
Meanwhile, imports for the coming marketing year are forecast at 2.7 million tonnes, and the Commission projects ending stocks of 10.1 million tonnes, down from last month’s 10.8 million but higher than the 8.8 million tonnes expected to be in reserve at the end of 2020-21.The Commission also made projections for 2021-22 production in barley, down 1 million tonnes from last month’s forecast to 53.5 million tonnes; corn, 70.6 million tonnes, down 400,000 from its May projection; and rapeseed, 16.7 million