AIRLINK 191.84 Decreased By ▼ -1.66 (-0.86%)
BOP 9.87 Increased By ▲ 0.23 (2.39%)
CNERGY 7.67 Increased By ▲ 0.14 (1.86%)
FCCL 37.86 Increased By ▲ 0.16 (0.42%)
FFL 15.76 Increased By ▲ 0.16 (1.03%)
FLYNG 25.31 Decreased By ▼ -0.28 (-1.09%)
HUBC 130.17 Increased By ▲ 3.10 (2.44%)
HUMNL 13.59 Increased By ▲ 0.09 (0.67%)
KEL 4.67 Increased By ▲ 0.09 (1.97%)
KOSM 6.21 Increased By ▲ 0.11 (1.8%)
MLCF 44.29 Increased By ▲ 0.33 (0.75%)
OGDC 206.87 Increased By ▲ 3.63 (1.79%)
PACE 6.56 Increased By ▲ 0.16 (2.5%)
PAEL 40.55 Decreased By ▼ -0.43 (-1.05%)
PIAHCLA 17.59 Increased By ▲ 0.10 (0.57%)
PIBTL 8.07 Increased By ▲ 0.41 (5.35%)
POWER 9.24 Increased By ▲ 0.16 (1.76%)
PPL 178.56 Increased By ▲ 4.31 (2.47%)
PRL 39.08 Increased By ▲ 1.01 (2.65%)
PTC 24.14 Increased By ▲ 0.07 (0.29%)
SEARL 107.85 Increased By ▲ 0.61 (0.57%)
SILK 0.97 No Change ▼ 0.00 (0%)
SSGC 39.11 Increased By ▲ 2.71 (7.45%)
SYM 19.12 Increased By ▲ 0.08 (0.42%)
TELE 8.60 Increased By ▲ 0.36 (4.37%)
TPLP 12.37 Increased By ▲ 0.59 (5.01%)
TRG 66.01 Increased By ▲ 1.13 (1.74%)
WAVESAPP 12.78 Increased By ▲ 1.15 (9.89%)
WTL 1.70 Increased By ▲ 0.02 (1.19%)
YOUW 3.95 Increased By ▲ 0.10 (2.6%)
BR100 11,930 Increased By 162.4 (1.38%)
BR30 35,660 Increased By 695.9 (1.99%)
KSE100 113,206 Increased By 1719 (1.54%)
KSE30 35,565 Increased By 630.8 (1.81%)

PARIS: Crop conditions for French wheat and barley crops declined sharply last week as dry weather persisted in the EU’s biggest grain-growing country, data from farm office FranceAgriMer showed on Friday. An estimated 82% of French soft wheat crops were in good or excellent condition in the week to May 9, down from 89% the previous week, FranceAgriMer said in a cereal report. That marked a second straight weekly decline in the rating after a two-point drop the previous week. The latest score was nonetheless above a 79% rating a year earlier.

Crop observers have warned that cereals may start losing yield potential, with a hot, dry spell this week expected to increase pressure on plants, before the possible return of rain next week. FranceAgriMer officials said earlier this week that crops were suffering in particular in the southeast and in zones with light soils, although rainfall in the coming days could avert widespread damage to cereals.

“We’re reaching a tipping point for some soil types,” Catherine Cauchard, head of FranceAgriMer’s crop monitoring service told reporters. “Farmers are hoping for rain so that yield potential can be maintained.”

Drought in France has added to tension in grain markets that are grappling with disruption to Ukrainian supplies as a result of the war and poor weather conditions in other major producing countries like the United States and India.

Euronext wheat futures rallied on Thursday to contract highs, fuelled by US government estimates of tighter domestic and world wheat supplies next season. French barley and durum wheat ratings also fell sharply last week, with spring barley sown at the end of winter showing the steepest decline, FranceAgriMer’s data showed.

For spring barley, the good/excellent score shed 12 points to 76%, now below a year-earlier level of 85%. The winter barley rating fell by 7 points to 79%, while the durum score lost six points to 77%, although both remained above year-earlier levels. Weather forecasts are projecting some showers in the week ahead as storms break the hot spell, but traders are concerned that precipitation may be erratic. Farmers are also rounding off maize planting, with 92% of the expected area sown by Monday, FranceAgriMer said.

Comments

Comments are closed.