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Europe Wheat Harvest to Fall on Drought, May Be ‘Catastrophic’

The European Union wheat harvest, which accounts for a fifth of world production, will fall this year as drought cuts yields in France and Poland, said Michel Portier, general director of Paris-based farm adviser Agritel.

“We’re losing yield,” Portier, whose company advises more than 2,000 farmers on crop sales, said in an interview in Paris today at a conference on commodity-industry regulation. “We already know that the 2011 harvest will be below 2010, both in France and in Europe.”