No Ukraine grain imports this year

IRISH importers who look to the UK for wheat to meet animal feed requirements for the coming year will have to compete on a booming market.

"By Christmas, the UK could well have exported 1.5m tonnes of wheat," said trading director David Sheppard of Gleadell, which had 10 vessels loading wheat for export last week, mostly to the Continent, where the heatwave has knocked 5.7% off recent grain yield forecasts .

However, Irish buyers have shown no signs of market nerves, with Dairygold Co-op announcing interim grain prices of €93/tonne for feeding barley, €110 for malting barley, €100 for feed wheat and €90 for oats, exclusive of VAT.