UK feed prices firmer HGCA

  • Since the Easter holidays, UK delivered feed wheat prices have firmed at around 1/t while new-crop feed barley prices have also gained around 50p/t.

    Bread wheat prices closed last week mixed.

  • Earlier in the week cereal prices fell in-line with a stronger Pound, but after the Bank of England left interest rates unchanged, so the Pound weakened.

    Cereal prices duly rose and easily offset earlier losses.

  • The UK delivered old-crop cereal market remains focused on the interior market and influenced by currency fluctuations and consumer short covering.
  • Consumers have reportedly been sporadic buyers of new-crop wheat recently, especially when currency movements press cereal prices lower.

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

    Click here to visit the Home-Grown Cereals Authority

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