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French Farm Exports Rose in October on Grain Shipments

Dec. 11 (Bloomberg) -- France’s farm and food exports, the world’s fifth-biggest by value, climbed in October as grain shipments rose.

Exports increased 9.5 percent to 5.71 billion euros ($7.42 billion) from 5.21 billion euros in the same month a year earlier, the Agriculture Ministry wrote in an online report today. Grain shipments, excluding rice, rose to 771 million euros from 705 million euros in October 2011, according to the report. France is the European Union’s biggest grain exporter.

Farm products and food contributed to a current-account surplus of 1.494 billion euros in October, rising from 1.388 billion euros in the same time last year. France imported 4.21 billion euros of agricultural goods and food in October, up from 3.83 billion euros a year earlier, the ministry said.

In the first 10 months of 2012, food and farm exports increased to 47.96 billion euros from 46.86 billion euros in the year-earlier period. The current-account surplus this year through October widened to 9.51 billion euros, compared with 9.33 billion euros in 2011, according to the report.

To contact the reporter on this story: Whitney McFerron in London at wmcferron1@bloomberg.net

To contact the editor responsible for this story: John Deane at jdeane3@bloomberg.net

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