27.
07.20
09:53

Agritel still undercuts the previous wheat harvest estimates for France

The French agricultural market analyst Agritel estimates that the soft wheat harvest in France is 26% below the result of the previous year.
At 29.22 million tons, the harvest would be the smallest in the past 25 years. Unfavorable weather conditions reduced the scope of cultivation and also the yields, it says in a tweet from today.
That would be 26% less wheat in the country that was still the largest wheat producer in the EU in 2019. In autumn 2019, so much rain fell in large parts of France that not all of the planned acreage could be ordered with further wheat. The acreage in our neighboring country is estimated by the market analyst at 4.28 million hectares (-14.38% on the previous year).
But the yields are also 13.65% lower than in 2019. Now an average of 6.83 tons were harvested from the hectare, almost 8% less than the 5-year average. Wheat quality in France this year meets the minimum standards for most export markets.
So far, traders and analysts had expected a smaller common wheat harvest in the EU at 31-31 million tons, but the Agritel estimate is still significantly lower at 29.22 million tons.
The French Ministry of Agriculture also assumed 31.3 million tons at the beginning of July.
With hot and dry harvest weather, the harvest has now progressed rapidly. By July 20, 71% of the area had already been harvested. A year ago, it was only 47% on this date.

Source
Hansa Terminhandel GmbH
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