Storage deals could be option for grain growers

SELLING some grain now and holding the balance in a merchant’s stores has been recommended to farmers by the Irish Feed and Grain Association as a flexible marketing strategy.

According to IGFA Director Deirdre Webb, marketing experts say the grain market has bottomed, and prices should not fall further, but she predicted that plentiful supply in the short-term will keep a lid on prices.

She said that “foxy” growers are doing storage deals this year in order, to give the market time to evolve.