Top French Wheat Shipper Sees Exports Falling to 15-Year Low
- Shipments from EU’s largest producer to fall 40% this year
- InVivo to supply customers with wheat from other countries
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InVivo, France’s largest wheat exporter, will need to supply customers with grain from other nations after heavy flooding devastated the crop, potentially leaving exports at their lowest since 2001.
Shipments of soft wheat from France, the European Union’s top producer, will decline 40 percent this year to 11.5 million metric tons, according to an estimate from InVivo, a union of more than 200 cooperatives. The company will need to tap supplies from countries in the Black Sea region, northern Europe, North America and Argentina, it said in a statement e-mailed Wednesday.