Forward selling opportunity to lock into high grain prices
Current green grain prices on offer are significantly above both the long-term average harvest price and the cost of production. But in most years, the grain price is lower at harvest than it had been early in the year.
Glanbia has alerted grain growers to the opportunity to lock into the grain price increase since last September, through forward selling.
Glanbia Ireland Grain Development Manager Donal Moloney said 2021 has begun on a positive note for grain growers, with winter crops appearing to have good yield potential, and grain futures markets showing their highest values for several years.
