Barley firm despite lack of export interest

By FWi staff

UK barley values have remained firm despite a lack of new interest for the export trade.

The stronger Euro left barley prices higher , responding to the change in potential November intervention price, noted the Home-Grown Cereals Authority in its weekly MI Bulletin.

Spot domestic values continue to trade at about £70/t, although European barley prices have eased back as export demand tailed off.

With values now close to the support price, many producers, particularly the large co-operatives in France, are looking towards the start of the intervention campaign on 1 November, said Cargills Ian Wallis.

“With little prospect of fresh international demand, many stockholders are resigned to the prospect that prices will not move much beyond the EU intervention price,” he said.

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