PARIS, FRANCE — The forecast for French soft wheat exports outside of EU countries has once again been revised upward by FranceAgriMer.
In its June 11 report, FranceAgriMer projected non-EU exports from France this season to climb to 13.45 million tonnes from the 13.3 million estimated last month.
The projected exports for the 2019-20 season that ends on June 30, which would mark a record volume, would be 39.1% above 2018-19, FranceAgriMer's cereal supply and demand data showed.
It marks the ninth straight month that FranceAgriMer has increased its non-EU export outlook for soft wheat. Last September, it forecast 11 million tonnes to be exported.
French exports have been boosted this season by supplies from a bumper 2019 harvest, reduced competition from top wheat exporter Russia, and strong demand from countries such as China and Morocco.
FranceAgriMer estimate for French soft wheat exports within the EU was 7.6 million tonnes, unchanged from the previous month.