Straights market settles

By FWi Staff

THE volatile straights market has steadied over the past week with little movement seen in prices.

Rapeseed meal home produced pellets inched up 1 to 100/t. With the crushers having sold almost all their production so prices have firmed, said David Clark of KW Alternative Feeds.

“I cant see them coming down now. They [rape prices] will keep creeping up,” he added.

Wheat feed pellets dropped 10 on the back of ample supplies. However, Mr Clark expects prices to rise before Christmas as plants close down for the holiday period.

It will be a precarious time as the plants will be closed for at least four to five days, said Mr Clark.

In an otherwise unchanged week soya prices fell as American farmers started to sell their stocks.

Soya bean meal hi pro dropped 3 to 143/t and Brazilian 48% pellets and meal fell 5 to 135/t.