EU's Wheat Output Seen by Commission Rising Next Season

Wheat production in the European Union, the world’s second-largest exporter, will increase in the season beginning in July, the European Commission said.

The harvest may total 131.1 million metric tons in the 2013-14 season that starts July 1, up from 123.3 million tons a year earlier, the bloc said today in an online report. Forecasts for the season include 28 countries, as Croatia will join the bloc in July. Last year, drought reduced crops in some southern and eastern countries. Precipitation since mid-January has helped replenish soil moisture from Spain to Romania, the EU’s Monitoring Agricultural Resources unit said Feb. 25.

Wheat exports to countries outside the EU may total 16.5 million tons, compared with shipments of 14.9 million tons a year earlier from the bloc’s current 27 countries. Croatia’s wheat exports in the 2012-13 season were 350,000 tons, with production at 800,000 tons, according to the U.S. Department of Agriculture.

Total grain production in the EU may be 291.1 million tons, including 65.3 million tons of corn and 54.6 million tons of barley, the EU said. That compares with total output of 272.3 million tons a year earlier. Rapeseed production in 2013-14 will be 20.5 million tons, compared with 19.3 million tons a year earlier, according to the report.

The U.S. is the world’s biggest wheat exporter, according to the USDA.

To contact the reporter on this story: Whitney McFerron in London at wmcferron1@bloomberg.net.

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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