French Wheat Is Benefiting From China’s Grain-Buying Binge
- The Asian nation may be France’s second-largest market
- That comes as a smaller harvest caps exports outside the EU
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Although a poor harvest has worsened the outlook for French wheat exports, demand from China is proving to be a bright spot.
The Asian country is expected to be France’s second-largest buyer in the season that began in July, trailing only Algeria, Paris-based adviser Agritel forecast on Wednesday. Sales there may total 1.15 million tons, below the 1.6 million tons sold last year, but still well above historic levels.