French Agricultural Exports Climb 12% in January on Grain SalesWhitney McFerron
France’s farm and food exports rose 12 percent in January, compared with a year earlier, on higher demand for grains, oilseeds and meat.
Shipments climbed to 5.04 billion euros ($6.58 billion) from 4.48 billion euros in January 2012, the Agriculture Ministry in Paris wrote in an online report today. Farm products and food contributed to a current-account surplus of 1.13 billion euros in January, compared with 767 million euros in the same month a year earlier. Food and farm exports totaled 58.11 billion euros in 2012, leaving a surplus of 11.62 billion euros.
Exports of cereals excluding rice amounted to 879 million euros in January, up from 572 million euros a year earlier, according to the ministry. Oilseed and protein-crop shipments increased to 139 million euros from 127 million euros. France’s wine and champagne exports climbed to 511 million euros from 460 million euros, while meat shipments increased to 403 million euros from 368 million euros, the ministry said.