France: Organic soft wheat prices have returned to their 2021 fall levels

Published 2024년 12월 27일

Tridge summary

Organic soft wheat prices in France have surged to around €500/t, equivalent to the prices seen in fall 2021, due to a combination of factors. These factors include a significant decrease in harvest collections for 2024, with a projected 52% drop from 2023, especially in the C2 collection. Additionally, there is an anticipated increase in imports of organic soft wheat for the 2024/25 marketing year, rising from approximately 1,000 t to 40,000 t, to make up for the shortfall in domestic production. These changes are expected to impact various market sectors, including milling, animal feed, and exports, leading to a tightened supply and a notable decrease in stocks.

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

Original content

Having fallen to a low level in March-April, organic soft wheat prices climbed in the summer and then in the fall, reaching around €500/t at the end of November. This is "a return to the same price level as in the fall of 2021", comments Emna Troudi, research officer on organic cereals for FranceAgriMer. According to her, this increase can be explained by two major factors. First, the sharp contraction in volumes collected in 2024: only 205,000 t, according to FranceAgrimer estimates, or 52% less than the 2023 collection. The drop is particularly marked for the C2 collection: - 80% from one harvest to the next. Second explanation for this rise in prices: while they were very limited over the last two marketing years, imports of organic soft wheat are expected to increase sharply in 2024/25. They would reach 40,000 t, compared to around 1,000 t in 2023/24. The drop in collection actually requires imports, in particular to supply the domestic market: half of these 40,000 t are ...

Source: TerreNet