date:Jul 31, 2012
ected to see a four per cent drop in its wheat harvest - a drop of 5 million tonnes - although according to France AgriMer, the EU's own forecasts are less pessimistic reducing production by just two million tonnes.
These falls in production have to be added to the poor harvests in countries such as Australia, Argentina and Morocco, where wheat production could be reduced by as much as 40 per cent because of drought. Australian wheat production is expected to be reduced by 19 per cent to 24 mil