Wheat harvest drops in France
France experiences this year exceptionally poor wheat harvest ordinary, which are down by almost 24 percent compared to the five-year average – reminds “L’Express”. According to the French ministry agriculture harvest may be lowest since 1987
In Pouch’s opinion, poor harvests are certainly will reduce the export surplus of French wheatthe main recipient of which outside the EU has so far been Algeria.
Consequences of poor harvest for exports
“This historic decline has come at the worst possible time,” the expert said. “While production has been particularly weak in France, it has been better elsewhere, especially in our main competitors from the US and Russia,” he added.
As Pouch pointed out, Russia “imposes low prices and uses his influence in Africa to distribute wheatsometimes for free”. “We are witnesses Russification of the world market” – added the expert.
Competition in the wheat market with Russia
“The Russians are starting to gain market share in markets where we have been long-time suppliers,” the economist said. They have managed to push the French out of Egypt, and are also exerting a strong influence on the Algerian market, which is key for Paris.
The geopolitical impact of France’s policy towards Morocco
In this context France’s support for Morocco In Western Sahara disputeto which Algeria is reacting strongly, may prove beneficial for the Kremlin, Pouch warns. (PAP)
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