Irish Feed and Grain Association big EU grain supply and low prices

LOWER grain prices across the EU, not just in Ireland, were predicted last week by Irish Feed and Grain Association (IGFA) Director Deirdre Webb, due to an expected 47m tonnes increase in EU production.
Irish Feed and Grain Association big EU grain supply and low prices

She said expectations of a 30m tonnes increase are reflected in UK futures prices e20 per tonne behind last year. "It is hardly surprising then that first indications of dried feed barley prices are varying from €117 to €120 per tonne, depending on the location", she said.

She said surplus EU barley will be offered into intervention, and will trade at a discount to wheat, if not up to intervention standard.

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