French Soft-Wheat Exports Jumped 28% in April on North AfricaRudy Ruitenberg
France’s soft-wheat exports, the European Union’s biggest, jumped 28 percent in April on higher shipments to Algeria and Morocco, the largest buyers of French wheat outside the 27-nation bloc.
Exports climbed to 1.53 million metric tons from 1.19 million tons a year earlier, based on Bloomberg calculations using data published online today. Shipments of the grain fell 13 percent from March.
Crop office FranceAgriMer last month raised its outlook for soft-wheat exports in the 2012-13 crop year through this month to 17.05 million tons from 16.92 million tons, citing better-than-expected deliveries to EU buyers. Exports in the crop year’s first 10 months advanced 17 percent in annual terms to 14.64 million tons, customs figures show.
Soft-wheat sales to Algeria, the leading buyer of France’s wheat, surged 61 percent on the year to 278,085 tons in April and shipments to Morocco more than doubled to 258,645 tons. Deliveries to Belgium, this season’s second-biggest importer of French wheat, rose 5.4 percent to 165,358 tons.
Barley exports rose 52 percent from April 2012 to 531,015 tons on increased deliveries to Belgium and shipments to Tunisia and Syria. Exports of durum wheat, the hard variety of the grain used to make pasta and couscous, more than doubled to 258,844 tons as Italy and Algeria bought more.
France’s corn exports rose 6.1 percent in annual terms to 566,251 tons as South Korea took 60,112 tons of the grain after buying none a year earlier.