Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

NEWS

PARIS (Reuters) – Nearly complete quality results from France’s soft wheat harvest showed slightly weaker protein levels than in initial samples, underscoring a decline compared with last year, according to data from farm office FranceAgriMer on Thursday.

For protein, 27% of soft wheat analysed so far came below 11% content, often a minimum standard for milling markets, compared with 24% in initial results published last week by FranceAgriMer with crop institute Arvalis.

Last year, just 5% of the soft wheat crop showed protein below 11%.

The latest survey results for protein covered 95% of expected samples nationwide, compared with 76% in the first assessment last week.

The updated results showed 31% of soft wheat with 11-11.5% protein, against a 33% share last week, and 23% of the crop at 11.5-12%, unchanged from the previous week.

Some 19% of soft wheat was showing protein at 12% and above, against 20% in last week’s results.

FranceAgriMer had pointed previously to mixed protein readings for soft wheat in major northern production zones.

Traders, meanwhile, have reported large sales of lower-protein French wheat to China this summer, contributing to a brisk start to the export season in the European Union’s biggest wheat-producing country.

For test weights, another key criteria in milling, the updated survey results were slightly higher than the previous week, confirming a recovery from last year’s rain-affected levels.

Some 87% of the crop analysed so far was above the 76 kilo per hectolitre level widely used as a milling standard, compared with 85% a week earlier and just 31% in last year’s harvest.

For Hagberg falling numbers, 96% of the crop volumes assessed so far were showing readings above 240 seconds, unchanged from the previous week and compared with just over half last year.

FranceAgriMer is due to issue final quality results, including national averages, in the coming weeks.

 

(Reporting by Gus Trompiz; editing by Jonathan Oatis)

Continue Reading

Why pay for news and opinions when you can get them for free?

       Subscribe for free now!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Posts