French wheat shipments outside EU at nine-year low in April
French soft wheat shipments outside the European Union last month were the lowest for an April in nine years, as exports to Morocco and Algeria eased, Refinitiv data showed.
Soft wheat exports to destinations outside the EU-27 and Britain totalled 665,600 tonnes in April, the 10th month of the 2020/21 season, an initial estimate based on Refinitiv loading data showed.
That was the lowest April volume since 2011/12, the data showed.
Last month’s haul was also more than a quarter less than March’s 908,400 tonnes. The March figure was revised down from an initial estimate, but was still a season high.
Traders say export activity has waned due to dwindling supplies from a small 2020 French harvest, slackening demand from importers and a price rally that left French wheat uncompetitive overseas.
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