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Wet weather worries UK markets HGCA

- 17 August 1999
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  • Delivered prices were driven by weather. Recent wet weather has created anxiety within the market.
  • Milling wheat prices have jumped over the week following quality concerns and field reports of sprouting and falling hagbergs.
  • The prospect of larger quantities of feed quality wheat has pushed delivered feed prices slightly lower.
  • The delay to the wheat harvest affected the UK export markets over the week, with nearby FOB wheat prices increasing slightly as a result of the limited availability, to date, of this years crop.
  • It was unclear to what extent the rains had affected the quality of the harvested crop, but the premium for biscuit wheats over feed varieties increased to between £2.50 and £3.00/t in response to the possibility that there may be reduced quantities of milling quality wheat.
  • The barley export market was reported very quiet, with little buying interest at the prices offered by sellers.

    HGCA
    Taken from HGCA weekly MI Bulletin
    To contact the HGCA phone 0207-520 3972


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