French cereal exports: A record in 2023 and areas for development

Published 2024년 10월 22일

Tridge summary

In 2023, the French cereal trade balance saw record results, marking the second best in the past decade, despite a 30% decrease in exports. The country's exports, with a value of 7.8 billion euros, were primarily purchased by Belgium, China, and Spain, and saw an increase in volumes to West Africa. The return of Ukraine to the global market and the strengthening of relations with Morocco also impacted the cereal trade. Looking ahead, the Business France team highlights West Africa and Asia as potential markets for growth, especially Senegal and Ivory Coast. They recommend that the sector develop partnerships with French processing companies to export raw grains for local processing. The high health standards, traceability, transparency, and labeling of French cereals give them a competitive edge in the European market.

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

Original content

The French cereal trade balance was a record in 2023, despite the drop in exports, notes Intercéréales in a white paper entitled "Agro, où exporter en 2025?", published by Business France and the Ministry of Agriculture to "encourage and support the development of French agricultural and agri-food companies in exports". Although French cereal exports fell by around 30% in volume between 2022 and 2023, they allowed France to record the second best trade balance of the last ten years after 2022, with an export value of 7.8 billion euros. It was mainly Belgium (16%), China (15%) and Spain (11%) that purchased French cereals. Also noteworthy: an increase in volumes exported to West Africa, particularly soft wheat. Ukraine's return to the global market has reduced French exports to Europe, Intercéréales specifies, while the strengthening of relations with Morocco has revived shipments to this country in 2023. Mauritania is for its part "a market to watch, because the increase in mills ...

Source: TerreNet