Strong world market and weak pound bolster wheat values
A rising world market and a cheap pound mean a strong start to 2020 for wheat trading. Relief that a deal was reached with the EU has helped positive sentiment. “We are in a very lucrative and very exciting market,” Stuart Attridge, trader at Harlow Agricultural...
EU recognition for UK organic sector
The EU is to recognise all six of the UK’s organic control bodies for 12 months following the end of the EU Exit transition period. This will allow organic produce from the UK to continue to be traded across European markets next year. These markets would otherwise...
Sellers hold back in tight oilseeds market
Against a background of tight supply and demand, the oilseeds market is set to end the year on a quiet note, as potential sellers hold onto their stocks in the hope of better prices to compensate for reduced yield. John Thorpe, senior trader oilseed rape at Openfield...
Brisk pace for grain exports
Frontier Agriculture reports a brisk trade in barley exports from Scottish ports, as UK shippers maximise sales of UK barley to Europe ahead of the end of EU withdrawal transition. There is a risk of tariffs on barley exports into this market after January 1st 2021...
Coceral predicts UK 2021 wheat harvest of 15.12m tonnes
EU grain trade body COCERAL has issued its first estimates of plantings for the 2021 combinable crops harvest in the EU 27 plus the UK. The figures are drawn from grain merchant and co-operative business members in each country. Based on a UK winter wheat area of...
Virus yellows cuts UK sugar yield by 25%
An annual general meeting update from Associated British Foods, issued last week, notes trading for the Agriculture (AB Agri), Sugar, Grocery and Ingredients divisions is ahead of expectations and the same stage of the previous year. The ABF financial year 2020/21...