French drought could halve maize crop, deepen EU harvest losses

Analysts warn that relentless heat and drought could cut France’s maize harvest by up to 50% and shrink EU production to the lowest level in decades, even as Poland and Romania are expected to hold up better. The potential supply shortfall raises downside risk to European agricultural commodity availability and prices.

Analysis

Analysts warn that relentless heat and drought could cut France’s maize harvest by up to 50% and shrink EU production to the lowest level in decades, even as Poland and Romania are expected to hold up better. The potential supply shortfall raises downside risk to European agricultural commodity availability and prices.