France's corn harvest is expected to rise by 8.6% in 2011, with production reaching 15.02 million metric tons from 13.82 million metric tons in 2010, according to the latest outlook report by FranceAgriMer. This is an increase from previous estimates, which had production at 14.75 million metric tons.
Corn exports all over the EU have been happening at the fastest pace in at least seven years, according to reports, as the bigger crops in France and Romania in particular have hurt prices and made exports attractive to overseas buyers. Corn futures in Paris have dropped 11% in the last two months. EU corn export commitments from July 1 to November 1 came to 1.1 million metric tons, compared with just 362,000 metric tons during the same time in 2010, according to the European Commission.
