French wheat exports outside the EU hit three-year low

Published 2021년 12월 22일

Tridge summary

In November, French wheat exports outside the European Union reached their lowest level since the 2018/2019 season, with shipments to China slowing down after a strong October. Despite this, Algeria remained the largest recipient of French wheat outside the EU. Meanwhile, French barley exports to the EU increased in November, but still couldn't match the volumes from earlier in the season. China continued to be a significant market for French barley as well. Overall, traders are closely monitoring French grain exports due to incomplete data in the EU's official grain export data for France, with China potentially becoming the main destination for French wheat again starting from December.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to data from the analyst firm Refinitiv, shipments of French wheat outside the European Union reached their lowest level in November since the 2018/2019 season as shipments to China slowed after a brisk October. In November, the fifth month of the 2021/22 marketing season, a total of 802,700 tonnes of wheat was exported outside the 27-nation bloc, according to first estimates based on Refinitiv loading data. Algeria was the largest destination for French wheat outside the EU with 256,700 tonnes, followed by China with 237,700 tonnes. This is short of the 514,800 tonnes of wheat loaded in October for shipments to China, the highest monthly volume in the Asian country to date in 2021/22. French barley exports to the EU reached 354,400 tonnes, up from 269,300 tonnes in October, but still lag behind 909,900 tonnes in August. China continued to dominate barley flows, with November shipments containing 255,800 tonnes of feed barley and 62,000 tonnes of beer barley for the ...

Source: AgroForum