French Agriculture Bureau raises final inventory of French corn for 2024/25

The French Agriculture Agency (FranceAgriMer) has released a monthly report, raising the final inventory of French corn for the 2024/25 fiscal year (July to June) due to reduced starch and feed usage.

The estimated final inventory of French corn for 2024/25 this month is 3.084 million tons, an increase of 11.4% from last month's forecast of 2.768 million tons, an increase of 54.2% from last year's forecast of 2 million tons (last month's forecast of 1.994 million tons), and a year-on-year increase of 38.8%.

The amount of corn used for starch production in France in 2024/25 is 1.7 million tons, lower than last month's forecast of 1.75 million tons, but an increase of 10.2% from the previous year's 1.543 million tons.

The amount of corn used for feed production was 3.05 million tons, lower than last month's forecast of 3.1 million tons, but still an increase of 8.3% compared to the previous year's 2.82 million tons.

The corn production in France for 2024/25 is 14.066 million tons, which is consistent with the February forecast and an increase of 16.7% compared to 12.056 million tons in 2023/24. The expected planting area for corn is 1.507 million hectares, which is the same as last month's forecast and an increase of 24% compared to the previous year, helping to offset the impact of a 5.9% decrease in yield. The yield of corn in France is 9.33 tons per hectare, lower than the previous year's 9.92 tons.

The estimated import volume of corn in France is 280000 tons, which is consistent with last month's forecast and a decrease of 13.4% compared to the previous year.

The estimated export volume of French corn for 2024/25 is 4.586 million tons, an increase of 0.3% from the previous month's forecast of 4.571 million tons, an increase of 8.7% from the previous year's 4.217 million tons, and a year-on-year increase of 8.4% from the previous month's forecast.

The estimated corn export volume from France to other EU member states is 3.986 million tons, higher than last month's forecast of 3.971 million tons, an increase of 9.0% from last year's 3.658 million tons, and a year-on-year increase of 8.6%.

The estimated export volume of corn from France to third countries is 500000 tons, which is consistent with last month's forecast and an increase of 8.9% from the previous year's 459000 tons.