Bread wheat up, feed falls HGCA

  • Delivered UK cereal prices ended last week mixed, with feed wheat prices falling about 50p and bread quality wheat prices gaining 2/t.
  • Demand for delivered cereals continues to focus on inland consumers, rather than for the export market, although to a lesser extent than last week.
  • Traders reported that the slowdown in ex-farm grain being made available is the primary cause of strengthening cereal prices and could reflect lower farm stock levels than previously thought, a reluctance to sell at these levels, or a combination of the two.
  • The Euro fell around 4¢ against the Pound last week, putting pressure on delivered port prices. However, this pressure was largely offset by the shortage of grain being made available.

    Taken from HGCA weekly MI Bulletin
    To contact the HGCA phone 020 7520 3972

    Click here to visit the Home-Grown Cereals Authority

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