France and Germany with harvest losses

Published Aug 8, 2024

Tridge summary

The European wheat crop is expected to perform poorly this season, with significant losses in France and Germany. The Association of Wheat and Cereal Producers in France predicts a loss of 10 million tonnes of wheat, resulting in a harvest of only 26 million tons, leading to a potential loss of over 1.6 billion euros. In Germany, the grain harvest is projected to be 6% lower than the previous year, with over 60% of farms surveyed reporting a below-average harvest. Wet weather has negatively impacted the crops in both countries. Despite the weak harvest, wheat prices remain low due to the abundant supply in the international market.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In short: • In France, losses could exceed 1.6 billion euros • The harvest in Germany is likely to be 6% lower than last year The looming weak results for the European wheat crop this season are no longer a surprise to anyone, but the situation is particularly dire in France and Germany. Although harvest results are not promising, wheat prices still remain low. On Monday, wheat from the Euronext September contract fell to €215.50/ton on the Paris exchange. In Germany, but also in France, this season's wheat harvest has been disappointing, with farmers facing huge losses. The Association of Wheat and Cereal Producers (AGPB) in France estimates a loss of 10 million tonnes of wheat compared to the multi-year average. Given the weak outlook, prices should be higher, but the world market does not allow this, Agrarheute experts comment. In Germany and France, wet weather affects crop results. Climatic phenomena in France have seriously affected the winter crops, and now they cast ...
Source: Agri
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