Germany, Denmark see better feed wheat price HGCA

  • Milling wheat prices were unchanged to slightly firmer in most member states last week. Feed wheat prices were mixed with Germany and Denmark seeing prices improve by as much as Euro1.9/t. France, with the exception of Creil, had a slight fall of Euro0.2.
  • European barley markets were generally firmer last week. Feed barley saw prices stay the same or move up as much as Euro1.9 in Ireland. Malting barley followed a similar pattern.
  • French wheat prices remained firm due to demand from northern EU countries. This comes despite the cancellation of Algerias soft wheat tender.

    Algeria has now rejected two lots of bids to buy 100,000 tonnes of soft wheat because of the price.

    Iraq has also claimed that French wheat prices are too high, and so withdrew its tender of between 50,000 and 100,000 tonnes.

  • Denmarks grain market gained some movement last week from the good crop prospects for the winter wheat and malting barley harvest. The Danish malting barley market is very quiet at the moment although interest from Russia and the Baltic states is still going on.
  • Spanish grain prices were firm last week as concerns over the coming harvest remain following the current drought. However, upward price movements remain limited due to the slow demand by livestock farmers for feed. Maize prices were also firm since the last quota of cut-levy shipments from non-EU countries has been sold.

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

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