Less wheat but no surge in bread prices in France

Published 2024년 8월 30일

Tridge summary

France is experiencing its lowest harvest in 40 years, with a projected yield of 25.17 million tonnes, due to various factors. Despite this, the country is expected to meet its national demand and maintain high-quality cereal products for both domestic consumption and export. The profession is reassured about the milling quality of the grains and there is no fear of a shortage. The price of wheat, which makes up only 5-10% of the cost of a baguette, has significantly decreased since peaking after the Russian invasion of Ukraine. The emblematic French baguette is safe, remaining stable in price and continuing to be widely consumed in the country.

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

Original content

The harvest is estimated at 25.17 million tonnes by the Argus Media France firm, the lowest in 40 years, in a country that usually produces around 35 Mt, of which more than 15 Mt are intended for export. In this lean year, France will be served. "The 2024 production will meet national demand, as France produces more soft wheat than the needs of its domestic market. Our country will therefore not lack bread and will continue to offer high-quality cereal products thanks to the work carried out in the sector to collect, sort and process cereals," stressed Jean-François Loiseau, president of the interprofessional organization Intercéréales, in mid-August. "No shortage to fear," added Edward de Saint-Denis, from the brokerage house Plantureux & Associés. "France produces wheat in quantity, largely covering its consumption and beyond. And even in the totally unlikely event that it has to import, there is what is needed in the Black Sea, with the qualities required for breadmaking," he ...

Source: TerreNet