Germany Faces Worst Harvest in 24 Years After Extreme Drought – Bloomberg

Germany is likely to harvest its smallest crop in 24 years, meaning that local supply will fall short of demand.

The European Union’s second-largest grower will produce 36.3 million metric tons of grains this year, 20 percent less than a year ago and the least since 1994, according to German farm cooperative association DRV. Production of wheat, Germany’s main crop, will drop 19 percent to below 20 million tons.

“The German grain harvest will be below its domestic consumption for the first time in a long while this year,” the organization said in an emailed statement Wednesday.

via Germany Faces Worst Harvest in 24 Years After Extreme Drought – Bloomberg