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French Wheat Exports In January Boosted By Morocco, Egypt …

French Wheat Exports In January Boosted By Morocco, Egypt ...

France exported 1.1 million tonnes of soft wheat outside the European Union in January, the second-highest monthly volume since the start of the 2015/16 season, helped by hefty sales to Morocco, Egypt and Algeria, customs data showed. In December France shipped a season high of 1.3 million tonnes outside the 28-country EU. The January exports brought the total volume since the start of the 2015/16 marketing season in July to 5.7 million tonnes, now up 8 percent against the July-January period last season.

A decline in the euro and poor local harvest expectations due to drought have boosted exports to Morocco in past months, with French port data showing a long list of cargoes heading to the North African country. French wheat exports to Morocco totalled 235,000 tonnes in January, bringing the total for the July-January period to 518,000 tonnes, up 50 percent on year. The January exports also included 189,000 tonnes of soft wheat shipped to Egypt in January.

These were initially due to leave in December but exporters delayed shipment after failing to receive the letter of credit and amid uncertainty over the country s import policy. Algeria remained the leading overseas buyer of French wheat in January with 329,000 tonnes shipped but the volume was down 160,000 tonnes on the previous month, the data showed. Total French soft wheat exports for July-January were down 3 percent on the year-earlier period at 9.65 million tonnes, including 3.95 million tonnes sold within the 28-member bloc, down 17 percent on the previous year.

French barley exports outside the EU stood at 364,000 tonnes in January, bringing the total in the seven first months of the season to 3.0 million tonnes, up 72 percent on the previous year.

This included a 66,000 tonnes shipment to Iran, the first French grain export to the Middle Eastern country this season.

The cargo had been initially announced as bound for Saudi Arabia.
Source: Reuters



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