EU cuts 2024/25 wheat crop and export estimates
PARIS, Aug 29 (Reuters) -The European Commission on Thursday cut its estimate for usable production of common wheat in the European Union in 2024/25 to 116.1million metric tons from 120.8 million forecast a month ago, still a four-year low.
In supply and demand data, the Commission also lowered its forecast of EU exports of common wheat, or soft wheat, in 2024/25 to 26.0 million tons from 32.0 million tons projected in late July and 35.1 million in the 2023/24 season.
In other grains, the Commission lowered its estimate for 2024/25 usable production of barley to 51.3 million tons from 52.7 million last month, and reduced its 2024/25 maize crop outlook to 61.65 million tons from 62.9 million.
In oilseeds, the Commission lowered its estimate of the bloc's rapeseed usable output this season to 18.0 million tons from 18.4 million last month.
Reporting by Sybille de La Hamaide; editing by Mark Heinrich
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