EU cuts outlook for grain and oilseed production


EU soft wheat production will drop to 133.258 million tonnes in 2016/17, the lowest level for four years, according to the latest forecast by the European Commission. End stocks of the grain could also slump to a 13-year low.

Theproduction figure is down from an estimate of 144.483 mln tonnes made lastmonth and 151.599 mln tonnes in the 2015/16 marketing year. It is also thesmallest usable production volume since 123.983 mln tonnes in 2012/13.


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