French grain growers are worried about the Russian threat

Published 2024년 3월 21일

Tridge summary

France's dominance as a top cereal producer and exporter in Europe is under threat due to Russia's aggressive marketing strategies, especially in Africa. Russia and Ukraine together contribute to over a quarter of the global wheat supply, with Russia leveraging this by offering free wheat to African nations and initiating a commercial offensive in the Middle East. This has led to a significant drop in France's market share in countries like Algeria. The French cereal industry is seeking political support to counter Russia's influence. The article also mentions grain and oilseed imports from Russia and Belarus, but lacks detailed information on the volume, purpose, or impact of these imports.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

While in the mid-2000s, France was “the world's third largest exporter of agricultural and agri-food products” and retains the leading position as a producer and exporter of cereals in Europe, it now faces “a certain number of obstacles” that we must face head on, immediately declares Jean-François Loiseau, president of the cereals inter-profession, Intercéales. “Russia has developed an extraordinary combat armada to, excuse me for the term, invade the playground of grain buyers in the world and mainly Africa,” he continues. It “works extremely violently, disintegrates the fundamentals of the market a little and puts us in a difficult position. So we have to react. France must react. Europe must react,” he argued. Message received by the Minister Delegate for Foreign Trade, Franck Riester, who states from the podium: “We must work together with you (...) to ensure that tomorrow there are even more markets open to exports” in the Maghreb , in sub-Saharan Africa or in China. The ...
Source: Pleinchamp

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.