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: 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.