UK markets closed
  • FTSE 100

    7,018.60
    -140.92 (-1.97%)
     
  • FTSE 250

    17,972.69
    -359.00 (-1.96%)
     
  • AIM

    833.59
    -13.83 (-1.63%)
     
  • GBP/EUR

    1.1189
    -0.0251 (-2.19%)
     
  • GBP/USD

    1.0857
    -0.0398 (-3.54%)
     
  • BTC-GBP

    17,412.62
    -301.36 (-1.70%)
     
  • CMC Crypto 200

    434.61
    -9.92 (-2.23%)
     
  • S&P 500

    3,693.23
    -64.76 (-1.72%)
     
  • DOW

    29,590.41
    -486.27 (-1.62%)
     
  • CRUDE OIL

    79.43
    -4.06 (-4.86%)
     
  • GOLD FUTURES

    1,651.70
    -29.40 (-1.75%)
     
  • NIKKEI 225

    27,153.83
    -159.30 (-0.58%)
     
  • HANG SENG

    17,933.27
    -214.68 (-1.18%)
     
  • DAX

    12,284.19
    -247.44 (-1.97%)
     
  • CAC 40

    5,783.41
    -135.09 (-2.28%)
     

France's InVivo says lower crop output will help it save energy

·1-min read
The logo of InVivo is seen at the company's headquarters in Paris

PARIS (Reuters) - French agribusiness group InVivo said on Friday an expected 20% drop in the volume of crops to be gathered this autumn would help it cut energy consumption as requested by the government in case of potential gas cutoffs and power shutdowns this winter.

The fall in autumn product output - including of maize, which has been severely hit by the summer drought in France - would lead to lower drying costs for some crops and less transport, it said in a statement detailing measures to cut its energy consumption by at least 10%.

French Prime Minister Elisabeth Borne urged companies on Monday to draft energy savings plans by next month, warning they would be hit first if ever France is left with no choice but to ration the supply of gas and electricity.

InVivo's energy savings measures also included lowering heating and raising air conditioning temperatures, and switching off electric equipment at night, it said.

InVivo is one of the largest European agricultural groups, with activities in grain trading, malt production, food and garden retail, wine distribution and industrial baking.

(Reporting by Sybille de La Hamaide; Editing by Jan Harvey)