On Thursday 5 April, the European Commission published a report setting out short-term agricultural forecasts (2018 and 2019), in which it states its confidence in increased cereal and milk production.
The Commission expects an increase of 10 million tonnes (3.3%) for cereal production in 2017/2018 (compared to 2016/2017) to 307 million tonnes in total. Nonetheless, the Commission states: “Despite good cereal harvests, exports are down and imports are steady”. It also predicts a rise...