Last week, French farmers called on the government to provide financial aid due to a disastrous harvest.
France is expected to have its worst soft wheat harvest in more than 40 years because of too much rain. Bloomberg wrote this on Tuesday, August 6.
France is the largest producer of wheat in Europe.
The country is likely to have its worst wheat harvest since 1983.
It noted that production could fall to 25.2 million tons of wheat in the 2024-2025 season, which is 27% lower than the five-year average.
Extreme weather across Europe hit the grain season, with excessive rain in northwestern Europe while drought and high temperatures damaged corn crops in the east.
Last week, French farmers called on the government to provide financial aid due to a disastrous harvest.
Despite the weak outlook in France, wheat traded in Chicago is still trading near its lowest level in four years as the US crop boosts the market.
Earlier it was reported that Ukrainian farmers predict a lower harvest due to dry May. After some time, the Ministry of Agrarian Policy improved the forecast for the grain harvest. The forecast describes a grain harvest of about 56 million tons. Of these, wheat – 21 million tons.
Source: korrespondent
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