2015 Cereals Forecast Down

As the new year nears, attention turns to projections for next years crops.

After a bumper EU harvest in 2014 estimated to reach 322.4 million tonnes, wheat exports will be at a good level and EU grain storage capacities at their maximum.

New estimates for EU cereals plantings in 2015 meanwhile show production to be down slightly to reach 305 mt.

Also this week...

More rain is expected to ease California's ongoing drought, but with it, the risk of further mudslides.

At present, 80 per cent of the state is in either extreme or exceptional drought.

In the UK, the latest NFU survey results show a marked dip in short-term confidence among farmers and growers.

Farmers and growers told the NFU, as part of its fifth annual confidence survey, that they expected negative impacts on their businesses in the coming year relating to regulation and legislation (77 per cent); CAP reform (59 per cent); output prices (56 per cent) and input prices (52 per cent).

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Have a great week!

~ Gemma