Less French wheat exported in 2023/24 than expected, but more barley and corn

Published Apr 18, 2024

Tridge summary

FranceAgriMer's projections for the 2023/24 marketing year reveal a decline in French wheat exports by 63,000 tons, attributed mainly to decreased competitiveness in North Africa, particularly Algeria, resulting in a 28% fall in exports to the region. Conversely, wheat exports to the EU are on the rise, with notable increases to Benelux, Germany, and Ireland, though exports to Portugal have decreased. This downturn in wheat exportation is expected to lead to a 48% surge in end-of-campaign wheat stocks. On the other hand, barley exports are experiencing a boost, especially to China, increasing by 200,000 tons, despite a minor drop in exports to EU countries. Corn exports are also seeing an uptick, fueled by heightened demand from southern Europe, the UK, and Switzerland, with projections indicating a 41% increase in end-of-campaign corn stocks.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

FranceAgriMer has just delivered its latest estimates for French cereal exports for the 2023/24 marketing year. For wheat, the forecast falls by 63,000 t from one month to the next, due to a drop of 150,000 t to third countries, to 10 Mt (- 2% compared to 2022/23) . In fact, “French wheat lacks competitiveness in North Africa, particularly in Algeria,” explains Adèle Dridi, in charge of economic studies. At the end of March, Algeria had imported only 1.2 Mt of French soft wheat since the start of the campaign, a drop of 28% compared to the last campaign. Exports to Morocco reached 2.3 Mt (- 2%) and those to China 2.1 Mt: twice as much as at the end of March 2023. The establishment, however, raises its forecast for exports of French wheat to the countries of the European Union by 87,000 t for 2023/24, to 6.3 Mt (- 2% compared to 2022/23), with “ an upward revision towards Benelux, Germany and Ireland, but downward towards Portugal”. In all, less French soft wheat exported than ...
Source: TerreNet
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