Miller Magazine Issue: 149 May 2022

33 MILLER / MAY 2022 NEWS The following are highlights from report: Sowing areas for 2022/23 winter cereals are esti- mated slightly above the area of last season. Winter wheat and winter barley sowing areas are estimated at, respectively, 20.7 and 4.8 million ha. A boost in maize area is expected following the temporary re- laxation of greening rules for fallow land and nitro- gen fixing crops but also record high prices that will make the production particularly attractive, despite input prices having gone to new highs, in particular fertiliser prices. Assuming average weather developments during spring and summer, total EU cereals production could reach 297.7 million tonnes (+1.5% year-on-year). To- gether with a reduced demand for feed due to lower pigmeat production and reduced use of cereals for biofuel, this could help to soften the impact the ex- pected lack of grain exports from Ukraine may have on global markets. Soft wheat production is forecast at 131.3 million tonnes, barley at 53.6 million tonnes and maize at 74.0 million tonnes. Given high feed prices and ex- pected decrease in EU meat (in particular pigmeat) production, the demand for animal feed is expect- ed to decrease by 1.1% in 2022/23 compared to 2021/22. EU total feed demand could reach 159.1 mil- lion tonnes. Exports of cereals are expected to increase by 14% this marketing year (until end of June), largely driven by an additional 5.6 million tonnes of soft wheat com- pared to the previous season. This may increase fur- ther after the 2022 summer harvest, with net exports of EU cereals potentially increasing by almost 40% to 41.4 million tonnes from July 2022 to June 2023 (2022/23 marketing year). Oilseed prices have skyrocketed since the begin- ning of Russia’s invasion of Ukraine, with rapeseed and sunflower seed prices reaching EUR 1,000 per tonne. Oilseed production, however, is not a con- cern, being estimated to grow by 6.5% to 30.2 million tonnes this marketing year, and projected to increase to 32.2 million tonnes in the coming marketing year. The latter would include 11.2 million tonnes of sun- flower seeds. World Leading Digital Technology. Global Support Network World Leaders in Microwave Moisture Measurement Hydro-Probe XT Hoppers, chutes, belt conveyors Hydro-Mix XT Mixers, conveyors, Ducting System Hydro-Mix XT-EX Certified for use in ATEX, IECEx and NEC/CSA Hazardous Locations (Dust) Hydro-Mix HT Mixers, conveyors, Ducting System, High Temperature Oil Animal Feed Coffee Rice Grain enquiries@hydronix.com www.hydronix.com Contact us for more details