French wheat exports outside the EU increased

Published 2022년 12월 15일

Tridge summary

FranceAgriMer has revised its forecast for French wheat exports outside the EU, projecting a 17% increase to 10.30 million tonnes for the July-June 2022/23 farming season, with Morocco and China being significant contributors. Despite a decrease in intra-EU trade and feed consumption, wheat stocks are expected to remain stable. The agency also made slight adjustments to its forecasts for feed use of barley and maize, noting a decrease in feed use for barley due to reduced demand from the livestock sector and an increase in maize closing stocks due to a revision in import forecasts.

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Original content

FranceAgriMer raised the outlook for French wheat exports outside the EU to 10.3 million tons. Morocco and China boost exports as they approach the halfway point of the season. Wheat stocks are stable as both intra-EU trade and feed consumption have decreased. Agricultural agency FranceAgriMer has raised its forecast for French wheat exports outside the European Union this season, citing buoyant demand led by Morocco and China. Wheat shipments to countries outside the EU could reach 10.30 million tonnes in the July-June 2022/23 farming season, compared with 10.00 million tonnes expected last month. The revised forecast is 17% above last season's volume and a new three-year high. Traders expect French shipments to pick up on recent demand from China, which will increase loading schedules. The expected wave of Chinese shipments will stimulate activity already this season: in July-November, the volume of shipments outside the EU was just over six million tons, of which around 1.6 ...

Source: AgroForum