News last update:6 Aug 2012

Toepfer: 07/08 EU grain output 2.2% less

In a monthly report by Hamburg-based grain trading house Toepfer International, the 2007-08 European Union grain output is forecasted at 253.4 million metric tons. This is 2.2% less than last season.

Toepfer forecasts EU soft wheat output at 113.3 million tons, down 2.7% from last year's crop. Durum production was estimated at 7.5 million tons, down 7.5% from 2006-07.

EU corn production was estimated by Toepfer at 44.8 million tons, down 12% from 2006-07. The smaller corn harvest will result in higher import demand of which due to genetically-modified issues with US corn can only come from Brazil, the report said.

Meanwhile total 2007-08 barley output was forecast by Toepfer to be up 1.7% on the year at 57.1 million tons. Germany's total 2007-08 total grain crop was forecast by the firm at 40.4 million tons, down 6.7% from last season.

Alfred C. Toepfer International Gmbh serves as the European trading group for US-based Archer Daniels Midland Co.

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Toepfer International   

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