Accustomed to benefiting from a competitive euro for five years on commodity markets denominated in dollars, the French countryside is starting to worry.
For a year now, the euro has appreciated by 7% against the greenback.
This further penalizes the competitiveness of wheat, corn, barley and tricolor sugar on major export markets, which each year absorb 45% of their volumes.
"It even goes beyond that, because, against the currencies of countries competing with France on cereals
(Russia, Ukraine, Argentina ..., Editor's note),
the appreciation of the euro is even more marked",
analyzes François Thaury, director of agricultural raw materials at Agritel, the specialist in agricultural risk management.
The single currency has appreciated by 20% against the Russian ruble or the Ukrainian hrivna, 30% against the Brazilian real or 33% against the Argentine peso.
“Faced with the big exporters of the Black Sea basin, our competitiveness in terms of price has therefore
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