Tuesday, 04 July, 2000

  • The quality of this years European spring malting barley is expected to have suffered from hot and dry weather conditions.

    This is resulting in reluctant sellers as the market is awaiting further quality results and possible price adjustments.

  • The French started harvesting their wheat crop last weekend following the recent dry weather. This is some 10 days earlier than normal and so far the quality and quantity both look good.

  • The Spanish Agricultural Ministry expects to produce 18.5 million tonnes of winter cereals this year up from the previous forecast of 16.7m tonnes. If realised, this would be the second largest crop in history.

    The harvest is progressing well with a lack of rain recently helping crop development.

  • Portugal has commenced its winter wheat harvest, which is supposed to be up on last year due to higher forecast yields following rains in April and May.

  • Germany has received some much-needed rain over the last few days but this is not enough to remove the drought problem, which is having an adverse effect on the crops.

    Some price weakness was reported for feed grains, however, market activity remains subdued given the early discouraging harvest results.

  • Denmark is set to have a good wheat and barley harvest this season despite the recent rains. Trading activity is limited as sellers remain reluctant.

    Malting barley exports are expected to be good this season with a shipment already reportedly gone to Chile.

  • Finland has sown 555,000ha of barley and 395,000ha of oats this season, both slightly down on last season. Crop expectations are favourable, with the harvest expected to commence on time.

  • Euro1 = 62.81p at time of writing.

    HGCA Taken from HGCA weekly MI Bulletin
    To contact the HGCA phone 020 7520 3972
    Click here to visit the Home-Grown Cereals Authority