26.
08.20
12:41

French wheat of the best quality - exports collapse by 40%

The quality of French wheat this year is very good. A market analyst from the French consultancy Agritel describes the quality of wheat today. According to this, 84% of the sampled lots should have a protein content of 11% or more, 98% had a specific weight of over 76 kg, the standard for export wheat.
Because the harvest of 29.22 million tons is a good 10 million tons less than in the previous year, France can only export 13 million tons of wheat (previous year: 20.9 million tons). With the small harvest, the grain prices in France are anyway higher than on the world market and you are therefore not really competitive.
China will remain with France as one of the big customers. In the previous year, 1.6 million tons went there, significantly more than is expected this year. It is assumed that 1.15 million tons. With an estimated 2.6 million tons, Algeria also receives significantly less than in the previous year than 5.6 million tons could be sold there.
Egypt, the world's largest wheat importer, will probably not use France at all. Russia and Ukraine are likely to secure sales to the country in North Africa.

Source
Hansa Terminhandel GmbH
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