InVivo lowers bar further on French wheat export hopes


InVivo lowered further the bar on French soft wheat export hopes to a 15-year low, fuelling questions of which rivals will fill the void in international trade, with Russia, Germany, the US and even the UK in the frame.

InVivo, one of France's top grain exporters, pegged at 4.8m tonnes its forecast for French soft wheat shipments in 2016-17 – a plunge of more than 60% year on year, and below the forecast of 5.1m tonnes unveiled on Tuesday by consultancy Agritel.

With French exports within the EU pegged by InVivo at 6.7m tonnes, also down on last season, total shipments would come in at 11.5m tonnes, down some 40% year on year, and the weakest figure since 2001-02.

The group, formed of more than 200 co-operative members, blamed the decline on the poor weather during the wheat flowering and grain-filling periods, saying that "France has never experienced before the weather sequence seen in May and June".



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