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Stronger Euro boosts UK delivered market

- 27 July 1999
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  • Delivered markets saw more activity this week. In particular, the strength of the Euro and robust demand for harvest barley helped prices higher.
  • Old-crop wheat prices eased, particularly in East Anglia, reflecting the impending harvest. Only a small volume of old-crop milling wheat is still trading.
  • New-crop feed wheat prices were generally £1 to £2 higher, helped by the strong Euro and continuing good weather keeping quality hopes alive.
  • New-crop milling premiums were slightly lower over the week, but traded volumes remain small. Group 1 varieties are worth between £10 and £14, with group 2 about £5 over feed.
  • Harvest barley export prices were £3 higher. Although helped by currency, the small volumes being offered from farm and the large expected harvest shipping programme are supporting prices.
  • Wheat export prices were £1to £2 higher, mostly reflecting a stronger Euro.

    HGCA
    Taken from HGCA weekly MI Bulletin
    To contact the HGCA phone 0171-520 3972


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