UK grain prices firmer, says HGCA

  • Delivered grain prices firmer

    UK wheat prices were 2 to 3 higher over the week. A weaker Pound, limited farm selling and delayed 2001 crop drilling all helped prices higher.

  • Wet weather holds up winter planting

    Wet weather continues to hamper winter crop sowings, with ADAS estimating just 60% to 70% of intended plantings complete. Unless drier weather follows, the lower winter wheat and winter barley sowings of autumn 1998 could be repeated, particularly in the North of England and Scotland.

  • No change in IOB approved malting list

    No changes were made to the IOB approved list of malting barley for harvest 2001.

  • Agrimoney compensation for harvest 2000

    UK farmers will receive agrimoney compensation for this harvest. This will equate to around 7/ha for cereals for England and Scotland (non-LFA) on top of normal 2000 IACS payments. Exact payments have yet to be confirmed by MAFF. Payments will be slightly higher for other

  • Area overshoot to cut payments

    Englands area overshoot has been put at 1.64% for harvest 2000, compared to 0.94% last year. This will cut cereal payments by over 3.50/ha to 213.70. The over-shoot to Scotlands single base area was also confirmed by SERAD at 2.25% leaving LFA and non-LFA payments at 187.95 and 204.55 respectively.

  • Euro1 = 59.95p, 1 = Euro1.668 at time of writing

    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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