Forecasts for soft wheat exports from France continue to sink

Analysts at the French National Institute for Agricultural and Marine Products (FranceAgriMer) have lowered their forecast for the export of soft wheat from France to third countries for the 2024-2025 agricultural season for another month, this time by 200 thousand tons compared to expectations in February to 3.2 million tons, according to their regular report for March. The reason for the unfavorable adjustment is the small quantities loaded for delivery in the country's ports during the season, which are 7 million tons less than those shipped in the same period last season. Experts also point to the lack of demand for wheat produced in France from China and Algeria. "Currently, the main markets for sale are Morocco and African countries," the report specifies. At the same time, the institute's experts have increased their forecast for the consumption of soft wheat for the production of feed during the season by 100 thousand tons to 14 million tons. The forecast for cereal stocks ...