Will French wheat lose for a second season in a row?


According to the European Commission’s estimates, EU countries will ship 8.7 MMT less wheat to third countries for the whole current season than a year ago: about 24 MMT against 32.7 MMT in MY 2015/16. This drop will be accounted for mostly by lower exports from France. At the same time, other exporting EU countries, including Romania, Germany, Poland, Bulgaria, managed to supply additional volumes to their key markets, France’s markets, and open up new vistas for themselves. It is worth noting that the Black Sea countries have also succeeded in increasing their presence in the EU market.

So, France more than halved July-January deliveries to its top buyer Algeria, decreased actually eight times shipments to Morocco. Shipments to Cameroon, Côte d'Ivoire, Senegal also dropped.

In turn, Ukraine and Russia managed to expand deliveries to these markets not only due to weakening competition but also because of competitive freight rates from Black Sea ports, reports UkrAgroConsult.

French exporters are not happy about export prospects 2017/18 wheat…

Full version of the article is available to subscribers for weekly market report “Black Sea Grain & Oil” and “Online market review” by UkrAgroConsult.



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