https://en.sputniknews.africa/20240910/russia-poised-to-benefit-from-frances-waning-influence-in-african-wheat-market-media-reports-1068225604.html

Russia Poised to Benefit from France's Waning Influence in African Wheat Market, Media Reports

Russia Poised to Benefit from France's Waning Influence in African Wheat Market, Media Reports

Sputnik Africa

France's wheat harvest in 2024 is projected to reach 25.17 million tonnes, the lowest output since 1983, a sharp decline from the 35 million tonnes harvested... 10.09.2024, Sputnik Africa

2024-09-10T18:29+0200

2024-09-10T18:29+0200

2024-09-10T18:54+0200

france

morocco

russia

wheat

economy

north africa

algeria

tunisia

market

https://cdn1.img.sputniknews.africa/img/07e8/06/03/1066864189_0:0:3072:1728_1920x0_80_0_0_8df43374277f4e654391e2b46d7e637d.jpg

Morocco, Algeria, and Tunisia, long-time buyers of French wheat, are facing a supply crunch as France anticipates a devastating wheat harvest in 2024, caused by heavy rainfall, Maxence Devillers, a market analyst at Argus Media France, told the media.Heavy rainfall in France has severely impacted its wheat harvest, causing a 20% decline and drastically reducing exports, particularly to North Africa, according to the expert. This comes at a time when the region’s rapidly growing population demands more wheat than ever before. To make matters worse, Morocco, a major wheat producer in the region, is experiencing its third consecutive year of drought.The media also highlighted that Ukraine, a major grain supplier to Europe, will likely see a significant decrease in its wheat exports due to a sharp drop in stocks.

https://en.sputniknews.africa/20240906/nigeria-enters-top-10-importers-of-russian-wheat-grain-exporters-union-says-1068170607.html

france

morocco

russia

north africa

algeria

tunisia

2024

News

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france, morocco, russia, wheat, economy, north africa, algeria, tunisia, market