Beat price volatility ‘by selling grain forward’

GRAIN growers have been advised to sell grain forward through their merchant or co-op in order to get through expected “wild” price volatility in the next few years.

“While it is probably not practical for Irish growers to take part directly in futures markets, it is very easy for them to follow movements and price trends and, as such, sell grain forward via their merchant or co-op,” said R&H Hall grain trader John Bergin.

Since 2007, world wheat prices have slumped from €300 to €100 per tonne.