AGL 39.50 Decreased By ▼ -0.50 (-1.25%)
AIRLINK 129.05 Decreased By ▼ -0.01 (-0.01%)
BOP 6.75 No Change ▼ 0.00 (0%)
CNERGY 4.69 Increased By ▲ 0.20 (4.45%)
DCL 8.54 Decreased By ▼ -0.01 (-0.12%)
DFML 41.35 Increased By ▲ 0.53 (1.3%)
DGKC 81.40 Increased By ▲ 0.44 (0.54%)
FCCL 32.95 Increased By ▲ 0.18 (0.55%)
FFBL 74.75 Increased By ▲ 0.32 (0.43%)
FFL 11.85 Increased By ▲ 0.11 (0.94%)
HUBC 109.50 Decreased By ▼ -0.08 (-0.07%)
HUMNL 14.25 Increased By ▲ 0.50 (3.64%)
KEL 5.28 Decreased By ▼ -0.03 (-0.56%)
KOSM 7.67 Decreased By ▼ -0.05 (-0.65%)
MLCF 38.50 Decreased By ▼ -0.10 (-0.26%)
NBP 65.10 Increased By ▲ 1.59 (2.5%)
OGDC 193.50 Decreased By ▼ -1.19 (-0.61%)
PAEL 25.70 Decreased By ▼ -0.01 (-0.04%)
PIBTL 7.38 Decreased By ▼ -0.01 (-0.14%)
PPL 153.00 Decreased By ▼ -2.45 (-1.58%)
PRL 25.55 Decreased By ▼ -0.24 (-0.93%)
PTC 17.50 No Change ▼ 0.00 (0%)
SEARL 79.59 Increased By ▲ 0.94 (1.2%)
TELE 7.81 Decreased By ▼ -0.05 (-0.64%)
TOMCL 33.75 Increased By ▲ 0.02 (0.06%)
TPLP 8.50 Increased By ▲ 0.10 (1.19%)
TREET 16.15 Decreased By ▼ -0.12 (-0.74%)
TRG 57.99 Decreased By ▼ -0.23 (-0.4%)
UNITY 27.68 Increased By ▲ 0.19 (0.69%)
WTL 1.39 No Change ▼ 0.00 (0%)
BR100 10,531 Increased By 86.2 (0.83%)
BR30 31,106 Decreased By -83 (-0.27%)
KSE100 98,942 Increased By 1143.6 (1.17%)
KSE30 30,906 Increased By 425.5 (1.4%)

The association of German farm cooperatives on Wednesday forecast that Germany's 2018 wheat crop would fall 2.0 percent from 2017 to 23.98 million tonnes. The cooperatives forecast Germany's 2018 winter rapeseed crop would fall 3.3 percent to 4.12 million tonnes. In its previous harvest forecast in April, the association had forecast a 2018 wheat harvest of 24.29 million tonnes and a winter rapeseed crop of 4.62 million tonnes.
The reason for the cut in the wheat harvest forecast was the estimate released on Tuesday by Germany's national statistics office that German farmers had reduced winter wheat sowings for the 2018 crop by 5.6 percent, the association said. Wet autumn weather hindered sowings of winter wheat, traditionally Germany's largest crop, while a cold start to the spring has delayed growth.
Recent warm weather has permitted plants to catch up with growth, but parts of the country are now suffering from dryness, the association said. Rapeseed plants have not developed well in much of the country, it added. Recent high temperatures that helped wheat have led to too-rapid vertical growth in rapeseed without sufficient branch development, and buds are suffering, it said, explaining why the rapeseed crop forecast was being reduced.
Germany is the European Union's second largest wheat producer after France and in most years the EU's largest grower of rapeseed, Europe's main oilseed for edible oil and biodiesel production. German farmers have planted more spring grains partly because of the difficulty in sowing winter crops.
The spring barley crop, used for malt and beer production, is expected to jump 30.4 percent year-on-year to 2.39 million tonnes. The winter barley crop, used mostly for animal feed, is forecast to fall 3.0 percent to 8.74 million tonnes. The grain maize (corn) crop is projected to fall 2.6 percent to 4.30 million tonnes, the association said.

Copyright Reuters, 2018

Comments

Comments are closed.