France downgrades export forecast for soft wheat and raises for barley

Published 2023년 3월 16일

Tridge summary

FranceAgriMer has confirmed the initial forecast for the 2022/23 season, showing a decrease in French wheat exports to other EU countries to 6.5 million tons, a 19% drop from the previous season, while exports to non-EU countries have been increased to 10.5 million tons, a 19% rise. This reduction is primarily due to the lower competitiveness of French wheat in the Netherlands market in comparison to German wheat. Additionally, the agency noted a significant demand for French wheat from Morocco. The export of barley to non-EU countries, led by China, has also been raised to 3.0 million tons, although this represents an 11% decrease from the previous season. The agency anticipates a total of 3.0 million tons of barley supplies to the EU.

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Original content

The state agency FranceAgriMer confirmed the previously published forecast for the export of soft wheat from France outside the European Union in the 2022/23 season and slightly lowered the forecast for exports to other EU countries. This is reported by the Grain On-Line agency. It is expected that 6.5 million tons of wheat will be delivered to the EU countries (-19% compared to the last season), to other countries - 10.5 million tons (+19%). FranceAgriMer points to strong demand for French wheat from Morocco. "The downgrade is mainly due to the lower competitiveness of French wheat compared to German wheat in the Netherlands," FranceAgriMer's Paul Le Bideau told reporters. Barley exports to non-EU countries are raised by 0.2mt to 3.0mt on strong demand from China ...

Source: Zol