France forecasts weakest soft wheat exports in 28 seasons

In their regular monthly report for January, analysts at the French National Institute for Agricultural and Marine Products (FranceAgriMer) maintained their forecast for the country's exports of soft wheat outside the European Union in the current agricultural season at its lowest level since at least the 1996-1997 season – 3.5 million tons, the online publication APK-Inform reported. If it is justified. If it is justified, exports to third countries will remain 66% below the result of the 2023-2024 season. The reasons for the collapse in exports from France are weak demand from Algeria and China, as well as a poor wheat harvest and strong competition from cheaper supply of the grain from the countries of the Black Sea region. Analysts explicitly emphasize that there are still no exports to Algeria due to diplomatic tensions between the two countries, while China still continues to buy French grain. The forecast for French soft wheat exports to EU member states has been lowered to ...