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FranceAgriMer raises forecast for France's wheat exports to non-EU by 15% year-on-year

 Last Update: 2022-10-19
 Source: Internet
 Author: User

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Foreign media news on October 12: FranceAgriMer, the agricultural office under the French Ministry of Agriculture, released a report on Wednesday, raising the export forecast of French soft wheat to outside the EU in 2022/23 to 10.
1 million tons, higher than the 10 million tons forecast last month and an increase of 15%
over the previous year.

France, the EU's largest wheat producer, saw a slight decline this year as severe drought affected crop growth
.
But French wheat exports benefited
from high demand during the summer as the Russia-Ukraine conflict disrupted Black Sea exports.

FranceAgriMer forecasts French wheat exports to EU member states of 7.
07 million mt this year, down from an earlier forecast of 7.
13 million mt and 12%
lower than in 2021/22.

French soft wheat ending stocks at the end of June 2023 are forecast at 2.
13 million mt, down from the previous month's forecast of 2.
36 million mt, mainly due to lower production revisions
.

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