France faces its worst wheat exports in decades

Published 2025년 1월 29일

Tridge summary

France's wheat export industry is facing a downturn due to diplomatic tensions with Algeria, decreased demand from China, and a poor harvest, resulting in a loss of market share to cheaper producers like Russia. The country's soft wheat harvest is at its lowest since the 1980s, and competition from Eastern Europe is intensifying. Exports to Algeria and China have significantly dropped, and sales to Morocco have more than halved, leading to some staff being put on unpaid leave. In response, France is seeking to diversify its export markets, particularly aiming to establish a presence in the Middle East.

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Original content

France is facing its worst wheat exports in decades as a rift with Algeria, falling demand in China and a poor harvest accelerate the European Union’s top grain producer’s loss of market share to cheaper producers such as Russia, Reuters reported. The drop in wheat exports is another setback for French farmers, who renewed protests earlier this year over falling incomes and foreign competition. Because they are selling less grain this year, producers are unable to get higher prices as bigger harvests in other parts of the world ensure export markets are well supplied. Exports could also be a drag on France’s economy after last year’s rain-affected harvest is estimated to have reduced growth by 0.2 percentage points, according to the national statistics office. This month, agricultural bureau FranceAgriMer maintained its forecast for soft wheat shipments outside the EU for the July-June 2024/25 season at 3.5 million tons, down two-thirds from last season and the lowest volume ...

Source: UkrAgroConsult