France lowers 2024-25 wheat production outlook
French wheat output in 2024-25, excluding durum, is now estimated at 25.78mn t by French agricultural ministry agency Agreste, down by 540,000t from its August projections.
The agency attributed the cut to unfavourable weather conditions, with average yields estimated at 6.15t/hectare (ha). This compares with average yields pegged at 6.24t/ha in the agency's projections last month.
Agreste now pegs France's durum wheat production at 1.18mn t, down from the 1.19mn t it forecast in August.
Barley estimates also took a hit, with the agency now seeing France's total winter and spring barley production at 10.05mn t, down from 10.4mn t last month.
Spring crops fared better since Agreste's August report, with corn output projections rising to 14.39mn t, up from the 14.01mn t the agency forecast last month. It expects a year-on-year increase in both planted areas and yields for French corn.
And sunflower seed and rapeseed production forecasts were each raised by 10,000t, to 1.86mn t and 3.95mn t, respectively. But less favourable weather means both oilseed crops are scheduled to decline year on year.
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India hikes import duties on vegetable oils
India hikes import duties on vegetable oils
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Hurricane Francine brings rain to the lower Miss. River
Hurricane Francine brings rain to the lower Miss. River
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Unstable prices rein in Brazil corn sales
Unstable prices rein in Brazil corn sales
Sao Paulo, 13 September (Argus) — Brazil's 2023-24 winter corn crop sales accelerated in August, but maintained an uneven pace, as farmers take their cues from price and exchange rate variations when deciding whether to negotiate. The current cycle ended August with over 48pc of the harvest sold, according to market participant estimates. That means producers traded almost 44mn metric tonnes (t) of the 90.3mn t produced so far in the 2023-24 season, according to national supply company Conab's latest outlook . Sales advanced by approximately 8mn t since the end of July, when negotiations were estimated at 40pc of the harvest. The pace accelerated in comparison with previous months, but progress is still uneven. Low international grain prices have been discouraging negotiations since the 2022-23 season, when the oversupply on the global market started leading to sharp losses that continue to this day. 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The pace of sales was also quick at the start of September. Market participants estimate negotiations reached approximately 22pc of the estimated volumes through the second week of the month, while the start of the soybean planting window may also drive deals in the coming months. By Nathalia Giannetti Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
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