EU Wheat Harvest to Slide After Drought, Farm Groups Forecast
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The European Union wheat harvest, making up a fifth of world production, will slide this year after drought slashed yields in France and the U.K., farm lobby Copa-Cogeca and cereal-industry group Coceral forecast.
Farmers will reap 129.9 million metric tons of wheat, 3.5 percent below last year’s harvest, Brussels-based Copa-Cogeca said in an e-mailed statement today, while Coceral forecast production of the grain will slip 0.8 percent.