According to the report, impacts range from moderate yield reductions to severe losses, with crop failure likely in the worst-affected regions. Although summer crop conditions remain more favorable in parts of northern and eastern Europe, EU yield forecasts for all summer crops have been sharply reduced, falling below the five-year average by up to 14%.
With harvesting largely completed, yield prospects for most winter cereals have been confirmed around the five-year average at the EU level.
Cooler and wetter conditions forecast across much of western and central Europe may provide some relief, although too late to compensate for the losses already sustained. Countries listed as having severe impacts include France, southern Germany, northern and central Italy, Austria, Czechia, Slovakia, Hungary and western Romania.
On August 17, CEMA, the European Agricultural Machinery Association, released its Business Barometer. According to the report, the general business climate index for the European ag machinery industry has improved, despite remaining in negative territory. This follows the sharp declines recorded in recent months, which had pushed the sector back into recession after just over a year. The index rose from -19 to -14 points on a scale from -100 to +100.
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