Drought Slashes EU Wheat, Export Surplus To Be Cut
Drought and a heatwave that scorched fields in northern Europe may cut the European Union’s wheat export surplus and the bloc will need to consume more of its own grains, experts has said.
French analysts Strategie Grains forecast a 10 percent smaller EU soft wheat harvest this year, with northern areas particularly hard hit. EU wheat prices have hit over five-year highs on crop concerns.
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