FranceAgriMer cuts 2023/24 wheat export forecasts

Farm office FranceAgriMer on Wednesday lowered its forecast of French soft wheat exports outside the European Union in 2023/24 to 10.1 million metric tons from 10.2 million projected last month, now 0.5% below last season’s level.

In a supply and demand outlook, the office also cut its forecast for French soft wheat shipments within the EU this season, to 6.55 million tons from 6.69 million expected in December and 2.5% higher than the 2022/23 volume.

French soft wheat stocks at the end of the 2023/24 season were now projected at 3.44 million tons, compared with 3.22 million forecast last month and 34.7% up from last season.

Tags: exports, European Union, forecast, stocks, shipments, soft wheat, FranceAgriMer