PARIS, Aug 23 (Reuters) – A fall within the common high quality of France’s smooth wheat harvest this 12 months will result in a rise in flour costs linked to extra work for millers to type good grains from poor ones, a senior member of French millers group ANMF stated on Monday.
Nevertheless, there needs to be no affect on whole quantity of flour produced in France this 12 months, stated Erick Roos, chairman of ANMF’s course of fee and director common of Moulins Soufflet, considered one of Europe’s largest millers.
Heavy summer season rain in France, the European Union’s largest grain producer, has slowed discipline work and led to low readings in some key milling standards, though the harvest remains to be anticipated to rise properly above final 12 months’s poor crop in quantity.
“It is not going to be easy and it’ll price a bit extra even when it is too early to say how a lot. What’s for certain is that the additional price has nothing to do by way of proportion in comparison with the surge in wheat costs,” Roos stated.
French smooth wheat costs on the money market have risen by 70 euros a tonne, or practically a 3rd, prior to now month WHEAT/RTR whereas September rose to the best front-month value BL2c1 since March 2008 on Monday, because the market wrestled with rain injury to the EU crop and decrease world provides. GRA/EU
French flour output this 12 months was nonetheless anticipated round final 12 months’s at 3.6 million tonnes. The trade historically consumes rather less than 5 million tonnes of milling wheat yearly.
This 12 months’s wheat crop in France is anticipated at practically 37 million tonnes.
The harvest was anticipated to indicate considerably decrease common Hagberg falling numbers and check weights, two key high quality standards for the milling trade, Roos stated.
(Reporting by Sybille de La Hamaide)
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