By FWi staff
STRAIGHTS prices have remained stable over the past week, although traders warn that prices will rise before Christmas.
Rapeseed values were unchanged at £98/t. But Ian Tremain of Mole Valley Farmers believes prices could easily rise by £5/t by the end of the year.
There is a general firmness in the market and demand is high, said Mr Tremain.
His advice to farmers is to plan their feed requirements ahead. “Theres only two working days between Christmas and New Year. Farmers should purchase December requirements now.”
Despite the US Department of Agriculture report released last week which said the soya harvest would be smaller this year, meal prices were unaffected.
A downward revision of this seasons US exports and carryover stocks at a 13-year high more than offset the lower crop figure, said a spokesman from the Home-Grown Cereals Authority.
Soya-bean meal hi-pro eased £3 over the week to £143/t while Brazilian 48% pellets and meal remained unchanged at £137/t.
Demand has been steadily increasing for GM-free animal feeds and in particular soya. And with a number of the big multiples all looking at sourcing livestock fed on GM free diets this is likely to increase further.