ANL 11.20 Decreased By ▼ -0.25 (-2.18%)
ASC 9.71 Decreased By ▼ -0.09 (-0.92%)
ASL 12.00 Increased By ▲ 0.65 (5.73%)
AVN 80.00 Increased By ▲ 1.70 (2.17%)
BOP 5.94 Increased By ▲ 0.11 (1.89%)
CNERGY 5.70 Increased By ▲ 0.16 (2.89%)
FFL 6.85 Decreased By ▼ -0.12 (-1.72%)
FNEL 6.26 Increased By ▲ 0.11 (1.79%)
GGGL 12.10 Decreased By ▼ -0.05 (-0.41%)
GGL 16.89 Increased By ▲ 0.07 (0.42%)
GTECH 9.45 Decreased By ▼ -0.20 (-2.07%)
HUMNL 7.00 Increased By ▲ 0.35 (5.26%)
KEL 2.68 Increased By ▲ 0.12 (4.69%)
KOSM 3.09 Increased By ▲ 0.09 (3%)
MLCF 27.50 Increased By ▲ 0.25 (0.92%)
PACE 3.09 Decreased By ▼ -0.01 (-0.32%)
PIBTL 5.99 Decreased By ▼ -0.12 (-1.96%)
PRL 17.58 Decreased By ▼ -0.30 (-1.68%)
PTC 7.62 Decreased By ▼ -0.53 (-6.5%)
SILK 1.29 Decreased By ▼ -0.14 (-9.79%)
SNGP 27.40 Increased By ▲ 1.31 (5.02%)
TELE 11.64 Decreased By ▼ -0.12 (-1.02%)
TPL 9.90 Increased By ▲ 0.01 (0.1%)
TPLP 18.62 Increased By ▲ 0.94 (5.32%)
TREET 29.70 Decreased By ▼ -0.40 (-1.33%)
TRG 81.11 Decreased By ▼ -0.57 (-0.7%)
UNITY 22.48 Decreased By ▼ -0.79 (-3.39%)
WAVES 13.45 Decreased By ▼ -0.05 (-0.37%)
WTL 1.56 Decreased By ▼ -0.04 (-2.5%)
YOUW 5.09 Decreased By ▼ -0.01 (-0.2%)
BR100 4,262 Increased By 29.5 (0.7%)
BR30 15,499 Increased By 12.7 (0.08%)
KSE100 42,861 Increased By 319.7 (0.75%)
KSE30 16,276 Increased By 133.1 (0.82%)

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.