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EUROPE: The 2005 cereal output in the EU is estimated to be sharply down from last year�s bumper harvest and below the average of the past 5 years. Winter cereals for harvest in 2006 have already been planted in northern parts of the EU and planting is ongoing in the centre under generally satisfactory conditions. Good precipitation is urgently needed for planting in the drought-affected Iberian Peninsula if another reduced crop is to be avoided there. In the European CIS cereal harvesting is nearly complete and output is estimated similar to last year�s average level. |