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8 million tons, which is 1 million tons lower than the forecast value a month ago
.
Despite the lower production, the EU corn import forecast for 2021/22 remains unchanged at 14.
5 million tons
.
5 million tons
.
This month, the EU’s corn feed industry consumption was increased to 64.
1 million tons, which was 500,000 tons higher than the earlier forecast; this resulted in a reduction of ending stocks to 14.
90 million tons, which was 1.
3 million tons lower than the earlier expected value of 16.
2 million tons
.
1 million tons, which was 500,000 tons higher than the earlier forecast; this resulted in a reduction of ending stocks to 14.
90 million tons, which was 1.
3 million tons lower than the earlier expected value of 16.
2 million tons
.
Lower wheat yield
The European Commission lowered its forecast for wheat production in the European Union for the period of 2021/22 to 130.
3 million tons, which is 700,000 tons lower than the previous forecast of 131.
0 million tons
.
However, the inventory has increased by 700,000 tons, from the earlier expected 13.
2 million tons to 13.
9 million tons, because the increase in the beginning of the inventory and the reduction in the use of wheat feed exceeded the reduction in production
.
3 million tons, which is 700,000 tons lower than the previous forecast of 131.
0 million tons
.
However, the inventory has increased by 700,000 tons, from the earlier expected 13.
2 million tons to 13.
9 million tons, because the increase in the beginning of the inventory and the reduction in the use of wheat feed exceeded the reduction in production
.
The forecast value of EU wheat exports in 2021/22 remains unchanged at 30 million tons
.
.
In addition, the EU’s barley production forecast for 2021/22 has also been lowered to 51.
9 million tons, and the durum production forecast has also been lowered to 7.
4 million tons from the 8 million tons expected last month
.
9 million tons, and the durum production forecast has also been lowered to 7.
4 million tons from the 8 million tons expected last month
.
As far as rapeseed is concerned, the European Commission will slightly increase the rapeseed production in 2021/22 to 17 million tons, which is higher than the 16.
9 million tons predicted last month
.
The forecast value of imports remains unchanged at 5.
7 million tons
.
9 million tons predicted last month
.
The forecast value of imports remains unchanged at 5.
7 million tons
.
