HGCA sees quality worries in UK market

  • Delivered prices once again responded to quality concerns. A stronger Pound and new area data also influenced prices.
  • Traders noted that concerns were rife early in the week of a lower-quality crop as weather remained poor. However, the quality of cuts later in the week suggested the problem is very localised.
  • A bigger potential crop also influenced prices early in the week as new HGCA area data was published. However, much still depends on the impact of recent rains on yields of the uncut crop.
  • Milling wheat prices held firm due to the poor weather. Traders are divided as to the scale of impact the weather is having on quality wheats.
  • Export prices were generally lower, also affected by concerns of the effect of the weather on the quality of the unharvested wheat crop.
  • Export markets were reported to be very quiet at the end of the week, in anticipation of more information concerning the quality of the wheat crop after the weekend.

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


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