date:Sep 04, 2012
Forecasts were presented to EU member states in the Management Committee on Thursday last week.
Global carryover stocks down
In spite of drought in certain member states, the full year EU cereals forecast is set to be only 2% lower than the average over the past five years at 279 million tonnes.
Soft wheat is forecast to remain near the five year average at 127m tonnes.
However, world carryover stocks are set to fall by 33m tonnes to 338m and the stocks versus consumption ratio remain largel