美國居民不適用 XM 服務。

EU maize crop set to shrink as Romania drought overshadows rain boost in west



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>EU maize crop set to shrink as Romania drought overshadows rain boost in west</title></head><body>

Romanian maize hurt by scorching heat, lack of rain

Losses in southeast Europe could push EU output down

Heavy rain that hurt wheat helps maize further west

By Gus Trompiz

PARIS, Aug 23 (Reuters) -The European Union is heading for a smaller maize crop this year after drought and heatwaves ravaged crops in Romania, offsetting a rain boost to growing conditions further west, analysts said.

Lower production could make the EU, a net maize (corn) importer, more reliant on foreign supplies this season, particularly as the bloc is also expected to reap below-average volumes of wheat and barley, which can be used for livestock feed like maize.

Forecasters have sharply cut their outlook for the upcoming EU maize crop to around 60-61 million metric tons, now below last year's output of about 63 million though above 53 million in 2022 when drought spread across Europe.

"The situation in eastern Europe is very tough like two years ago," Argus analyst Maxence Devillers said. "Western Europe is turning out okay and that is salvaging the situation compared with 2022."

Romania, which previously vied with France as the EU's biggest maize producer, has been caught up in unrelenting heat and dryness in the Black Sea region that has withered maize fields in Ukraine and Russia too.

Some analysts expect Romanian maize output to drop by around 30% from near 11 million tons last year, with Argus seeing 2024 production at 7.5 million and local firm AgroBrane at 7.7 million.

"It's quite challenging to grow corn in a furnace," AgroBrane's Gabriel Razi said, noting crops faced 40 degrees Celsius (104 degrees Fahrenheit) heat during pollination in July.

"It's one of the most challenging seasons in agronomical terms that Romanian farmers went through," he told a webinar held by Ukraine's Trend&Hedge Club.

Harsh summer weather has also hurt maize in parts of Bulgaria and Hungary, analysts said.

In France, there was uncertainty over yields after a damp spring hampered planting while the south has faced high temperatures since late July.

But favourable moisture levels, after the heavy rain that hurt the wheat crop, were keeping maize in mostly good condition. An increase in area, meanwhile, should ensure higher output in France than last year.

"In France the situation is mixed but production should be good," Devillers said, estimating the crop will rise to just over 14 million tons, slightly above the farm ministry's initial forecast.

Ample rain should underpin yields elsewhere in Europe, though reduced planting may push production down.

In Poland, crop conditions are promising but lower planting means the maize harvest could shrink 13% from last year to 7.6 million tons, said Sparks Polska analyst Wojtek Sabaranski.

Polish harvesting is set for an early start from mid-September, Sabaranski added.

In Germany, the grain maize crop will fall by 2% to 4.41 million tons, the country's farming association estimated on Thursday, compared to a much steeper 15% drop in the rain-damaged winter wheat crop.



Reporting by Gus Trompiz in Paris, Michael Hogan in Hamburg and Nigel Hunt in London; Editing by Shounak Dasgupta

</body></html>

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。

所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。

本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

風險提示:您的資金存在風險。槓桿商品並不適合所有客戶。請詳細閱讀我們的風險聲明