AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)

PARIS: France’s farm ministry on Friday sharply lowered its estimate of the country’s 2024 soft wheat output, now expected 25% below last year’s volume, making it one of the worst harvests of these past 40 years in the European Union’s largest grain grower.

Wet weather since the autumn in France have delayed plantings, hurt plant development and increased crop disease, prompting observers to regularly cut their grain crop estimates.

“As of August 1, 2024, cereal harvests are still underway, delayed by humidity and stormy episodes in July. Yields are revised downwards for all of these crops,” the ministry said in a note.

“Combined with exceptionally low area (4.2 million hectares (Mha), -10.8% compared to 2023) due to the weather conditions of winter 2023, this yield places 2024 among the three smallest soft wheat harvests of the last 40 years.”

A graphic pointed to the lowest harvest since 1986. The ministry’s wheat estimate is still above French analyst which have pegged the harvest between 25-26 million tons.

Total grain production in France is now estimated around 10 million tons below last year’s at 54.8 million for 2024. In contrast many spring crops benefited from the difficult sowing conditions for winter grains with soggy fields prompting farmers to delay or renew their plantings.

Jordan issues tender to buy up to 120,000 metric tons wheat

In a first forecast for this year’s production of grain maize, the ministry anticipated output of 13.75 million tons, a rise of 9% from 12.62 million in 2023.

For barley, the total output was expected at 10.4 million tons, down from a previous estimate of 11.3 million and now 15% below 2023.

Of this winter barley production was expected to fall 26% to 7.2 million tons while spring barley would rise 25% to 3.2 million.

Comments

200 characters