
In Europe, the harvest 2011 of most grass and clover species has almost been completed,
and we are getting a picture of the size of the harvest.
The harvest period 2011 has been very wet in Denmark, especially July and August.
The weather has been a tremendous challenge for the growers as the harvest has been
frequently disturbed by showers. There has been a vast variation in geography and
between species, but as an overall view the harvest is now below normal. Holland has
also experienced a wet harvest and in addition also had a dry spring which means that
the harvest will be approximately 10% below normal.
For the rest of Europe, our local market intelligence information tells us that France
has seed yields that are about 25% below normal. Germany has low seed yields in the
northern part, and close to normal in the southern part. Poland has been hit by the same
low seed yields as northern Germany.
In general, Europe seems to have low seed yields and on an acreage reduced below the
normal level.
In relation to this we are convinced that we will continue to see a fi rm market for grass
and clover in EU27. Consumption has been good throughout the season 2010/11 and our
conclusion is that we have a much more positive balance between supply and demand.
Despite the economic turbulence on the fi nancial market, the risk of a direct impact on
wholesale prices, as in 2008, is less likely.
The general feedback from the market indicates that we have less seed in the distribution
chain and as explained above the uneven harvest is also going to create some challenges.
However, taking the Danish harvest into consideration we do believe that we are in a
good position to serve you. Do not hesitate to contact your sales representative for more
information.