In the EU summary overview of recent developments in marketing year 2020/21, it is stated that the volume of the EU28 crop is expected to be about 10,792,000 tons, of which slightly under 2% is the UK crop.
The volume of the new crop is 1% below the preceding « small » crop and 7% less than the 5 year reference average. The level of stocks has been low during the marketing year 2019/20 (15% below the reference 5 year average on 1 July 2020). Given the small incoming volumes expected for the new crop, stocks should remain at low levels during the new marketing year.
Prices have been above normal levels during the last marketing year. This is expected to continue for one more year. In Poland, one of the two top EU producers, prices have been at high and very high levels, breaking all historical records since the spring. This is due to low stocks in this country and very firm demand in the EU during the sanitary crisis.