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Drought Slashes EU Wheat, Export Surplus To Be Cut

Published on Aug 13 2018 8:59 AM in Supply Chain tagged: France / Drought / Farming / crops / Grains / Paywall / heatwave

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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