The drought has led to a significant drop in EU cereal production, estimated at 8% below the average over the past five years (see EUROPE 12100). This is just one of the findings of the short-term outlook report for agricultural markets, published by the European Commission on Wednesday 3 October.
The report highlights that cereal production in 2018 is expected to be 284.3 million tonnes, i.e. a drop of 5% compared with 2017/2018. The wheat harvest (129 million tonnes in 2018) was down...