Milling wheat rally encourages imports

By FWi staff

AN increase in domestic milling wheat values has encouraged buyers to source supplies of bread-making wheat from abroad, it has been claimed.

A weakening of Sterling and the uncertain quantity of UK grain left in-store has helped boosted UK bread-making values by over £10/ tonne during recent weeks

Sterling slipped back to DM2.99 against the Deutschmark at the close of play yesterday (Monday), encouraging ex-farm bread-making wheat to climb by about £1 to £112/ tonne.

Traders BDR Agriculture report that prices have now risen so much that several flour millers are securing imported supplies for May and June from Germany.

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