On Tuesday 8 October, the European Commission published its latest report on the short-term outlook for agricultural markets in the European Union, confirming that EU cereals production in 2024/2025 will be 260.9 million tonnes, around 7% below the five-year average. The crops most affected by the fall are soft wheat and maize.
In 2024/2025, olive oil production should return to average levels of 2 million tonnes, after two years of low production and record prices.
EU wine production is...