HGCA UK delivered and export prices
Tuesday, 8 June, 1999
Trading on UK grain markets remained limited last
week, with prices generally mixed. The strong pound
was seen as the main reason behind the price drop in
new crop values, although prices did not fall as much
as the rise in the value of sterling suggested. While old crop supplies are reported marketed in
the north of the country, supplies are left in the
south east. But farmers continue to be reluctant
sellers, helping to support old crop prices. Milling wheat prices on delivered markets fell by
between 50 pence and 2 per tonne. The lower
prices reflect that there is some quality wheat left
unsold. However, sterlings current strength has meant that
imports of quality wheat (eg US or French origin)
may be preferred by domestic users. The current sterling strength has also meant that UK
wheat is uncompetitively priced on export markets.
Thus, export interest for UK wheat has remained
very limited.
week, with prices generally mixed. The strong pound
was seen as the main reason behind the price drop in
new crop values, although prices did not fall as much
as the rise in the value of sterling suggested.
the north of the country, supplies are left in the
south east. But farmers continue to be reluctant
sellers, helping to support old crop prices.
between 50 pence and 2 per tonne. The lower
prices reflect that there is some quality wheat left
unsold.
imports of quality wheat (eg US or French origin)
may be preferred by domestic users.
wheat is uncompetitively priced on export markets.
Thus, export interest for UK wheat has remained
very limited.
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Taken from HGCA weekly MI Bulletin To contact the HGCA phone 0171-520 3972 Click here to visit the Home-Grown Cereals Authority |
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