France expects worst wheat harvest in more than 40 years

Published Aug 8, 2024

Tridge summary

France is set to have the smallest wheat harvest since 1983, with production expected to be 27% less than the five-year average, totaling 25.2 million tons, as reported by Argus Media France. This is due to adverse weather conditions including incessant rains, lack of sunlight, and low temperatures, which have led to the development of diseases and quality deterioration of the grain. These conditions are also affecting grain crops across Europe, with Russia also expecting a lower harvest due to heat. Despite these adverse conditions, world exchange prices for wheat remain low due to high supply in the US. French farmers are seeking government financial assistance.

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

Original content

In the 2024-25 agricultural year in France, farmers can harvest the smallest volumes of wheat since 1983 - 25.2 million tons. Such forecasts were given by the director of the Argus Media France agency, Gautier Le Molgat, reports Bloomberg. This is also 27 percent less than the average over the past five years. The expert recalled that the previous anti-record was 24.5 million tons. “The entire French grain sector should suffer the consequences of this historic decline in production,” says Gautier de Molgat. However, French farmers realized last week that the crop harvest would be poor. In this regard, they asked for financial assistance from the government of the country. The organization cited incessant rains over the past few days, lack of sunlight and low temperatures as the reason for the anti-record. All this contributed to the development of diseases, due to which not only grain yields suffered, but also its quality deteriorated in many production regions of the country. ...

Source: Rosng