AIRLINK 73.18 Increased By ▲ 0.38 (0.52%)
BOP 5.00 Decreased By ▼ -0.06 (-1.19%)
CNERGY 4.37 Increased By ▲ 0.04 (0.92%)
DFML 29.95 Decreased By ▼ -0.57 (-1.87%)
DGKC 91.39 Increased By ▲ 5.44 (6.33%)
FCCL 23.15 Increased By ▲ 0.80 (3.58%)
FFBL 33.50 Increased By ▲ 0.28 (0.84%)
FFL 9.92 Increased By ▲ 0.14 (1.43%)
GGL 10.35 Decreased By ▼ -0.05 (-0.48%)
HBL 113.01 Decreased By ▼ -0.61 (-0.54%)
HUBC 136.28 Increased By ▲ 0.08 (0.06%)
HUMNL 9.60 Decreased By ▼ -0.43 (-4.29%)
KEL 4.78 Increased By ▲ 0.12 (2.58%)
KOSM 4.72 Increased By ▲ 0.32 (7.27%)
MLCF 39.89 Increased By ▲ 1.54 (4.02%)
OGDC 133.90 Increased By ▲ 0.50 (0.37%)
PAEL 28.85 Increased By ▲ 1.45 (5.29%)
PIAA 25.00 Increased By ▲ 0.24 (0.97%)
PIBTL 6.94 Increased By ▲ 0.39 (5.95%)
PPL 122.40 Increased By ▲ 1.19 (0.98%)
PRL 27.40 Increased By ▲ 0.25 (0.92%)
PTC 14.80 Increased By ▲ 0.91 (6.55%)
SEARL 60.40 No Change ▼ 0.00 (0%)
SNGP 70.29 Increased By ▲ 1.76 (2.57%)
SSGC 10.42 Increased By ▲ 0.09 (0.87%)
TELE 8.85 Decreased By ▼ -0.20 (-2.21%)
TPLP 11.32 Increased By ▲ 0.06 (0.53%)
TRG 66.57 Increased By ▲ 0.87 (1.32%)
UNITY 25.20 Decreased By ▼ -0.05 (-0.2%)
WTL 1.55 Increased By ▲ 0.05 (3.33%)
BR100 7,674 Increased By 40.1 (0.53%)
BR30 25,457 Increased By 285.1 (1.13%)
KSE100 73,086 Increased By 427.5 (0.59%)
KSE30 23,427 Increased By 44.5 (0.19%)

Strategie Grains cut its monthly forecast for this year's European Union soft wheat harvest by more than 2 million tonnes as it factored in a late-June heatwave in western Europe. Analysts at the consultancy pegged 2019 EU soft wheat production at 140.6 million tonnes, down from 142.8 million projected last month but 11% above a drought-hit 2018 volume.
Other forecasters have also trimmed estimates for this year's EU wheat harvest, although the extreme temperatures were not thought to have lasted long enough to cause severe crop losses as seen during last year's drought. "The heatwave that struck West Europe and Poland at the end of June has triggered concerns around yield potentials, particularly for crops on shallow soils," Strategie Grains said in a monthly EU grain report.
"For the most part, the winter barley crops escaped impact from the heatwave because the grains were already ripening. The wheat - less advanced in the growth cycle was at much greater risk from grain scald." Strategie Grains had reduced its estimates of soft wheat production in Germany by over 700,000 tonnes, Spain by more than 600,000 tonnes and Poland by nearly 400,000 tonnes, it said.
It kept little changed its soft wheat crop estimate for France, the EU's biggest producer, at 37 million tonnes, up sharply from around 34 million last year and in line with a first forecast from the country's farm ministry. Harvesting of winter barley, which accounts for around half of EU production, is well under way and Strategie Grains said early yield indications were good with the exception of Spain.

Copyright Reuters, 2019

Comments

Comments are closed.