The European wheat harvest for 2018 is forecast to be 14.6 million tonnes (mt), 9% down from last year's crop, following searing heat and a lack of rain across the continent. A short-term outlook report by the European Commission estimated total cereal production for the year at 284.3 million mt, 5% below 2017-2018. In addition, cereal prices peaked during August with wheat prices rising by €50 ($58) per mt over last year's prices.
The European wheat harvest for 2018 is forecast to be 129 million metric tonnes (mt), 9% down from last year's crop, following searing heat and a lack of rain across the continent. A short-term outlook report by the European Commission estimated total cereal production for the year at 284.3 million mt, 5% below 2017-2018. In addition, cereal prices peaked during August with wheat prices rising by €50 ($58) per mt over last year's prices.