04.
11.20
09:52

French grain exports to third EU countries at season high in October

Exports of French wheat to countries outside the EU peaked in October this season. Much of it went to China.
A total of 703,000 tons of French wheat went to EU third countries in the fourth month of the current marketing year. That was significantly more than in September when exports were almost a record low. China received 524,000 tons from France in October, the largest monthly amount since the 2009/10 season.
Together with feed and brewing barley, China obtained 638,000 tons of grain from France last month. In July, China bought 658,000 tons of French grain - almost all of it was barley.
Cuba was France's second largest wheat buyer in October. Only then came Algeria, the country that usually purchases the largest amount of wheat in France.
The consulting firm FranceAgriMer raised its forecast for French wheat exports to EU third countries last month because the prices there are very competitive. Nevertheless, France will probably only be able to export half of the previous year's volume, as the grain harvest was disappointing this year.
In addition to the 524.000 tons of wheat that China bought from France in October, 59,000 tons of feed barley and 103,000 tons of brewing barley were delivered.
A total of 1.15 million tons of grain (wheat, durum, maize, barley) left French ports in October. In October 2019 it was 1.61 million tons.
The information on this post is all from Refinitiv.

Source
Hansa Terminhandel GmbH
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