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 Germany, where temperatures reached record highs in July, farmers are struggling with low yields due to poor weather conditions that have led to crop failures.
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.