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French Carrot Market Resilience Amidst Weather Challenges

by Viktor Kovalev
June 13, 2024
in Carrot, News, Vegetables
0
French Carrot Market Resilience Amidst Weather Challenges

Viktor Kovalev

Insights into Production, Pricing, and Trade Dynamics

Despite weather disruptions, the French carrot market demonstrates stability and resilience, with insights from the latest Agreste conjuncture note shedding light on production, pricing, and trade dynamics.

Production Overview: Weather Impact and Yield

The 2023-2024 campaign witnesses French carrot production estimated at 333,600 tons for the fresh market, reflecting a marginal increase from the previous year but a slight decline from the five-year average. Heavy rainfall during the winter posed challenges, particularly in the southwest, where unfavorable weather conditions led to significant losses in storage crops. However, early yields compensated for these losses, mitigating the overall impact on annual production.

Market Pricing Trends: Supply Constraints and Price Surge

Tight supplies induced by weather-related factors drive up carrot prices, surpassing previous season averages. From January to March 2024, prices soar, propelled by reduced supply and early cessation of the season in certain regions. Despite quality and size concerns, prices remain significantly higher compared to previous years, reflecting the market’s response to limited offerings.

Trade Dynamics: Export Surges and Import Trends

French carrot exports experience a substantial uptick, rising by 64% from May 2023 to March 2024, driven by increased trade activity in the early part of the campaign. Conversely, imports witness a slight decline, contributing to a notable reduction in the trade deficit for carrot volumes. These trends underscore the resilience of the French carrot market in navigating supply challenges and capitalizing on export opportunities.

Tags: Agriculturecrop productionFrench Carrot MarketPricing TrendsSupply Chain ResilienceTrade Dynamicsweather impact
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