Dairygold has set its 2020 green grain prices at €157/t for green barley and €183/t for wheat. The prices reflect a somewhat stronger sentiment in the market than existed at harvest time.
Being the first co-op to announce its green grain prices, Dairygold indicated its wish to support its growers in this very challenging year. And while there were some very good yields in part of its catchment area, other areas were worse affected by the different weather patterns of 2020 and, in particular, the losses caused by the harvest storms.
The co-op board finalised its prices at a meeting on Tuesday. All prices quoted here are exclusive of VAT. They are for 20% moisture grain, the required quality specifications and subject to its minimum purchase terms. The specific prices are as follows:
Feeding barley €157/t.Feed wheat €183/t.Oats €152/t.Contract malting barley €187/t.Beans €210/t.Non-contract beans €200/t.Oilseed rape €360/t (green at 9% moisture). The level of co-op support in these prices is not stated but it is definitely included. And while these prices may not fill the deficit created by poor yields for many growers, they do include co-op support for its grain producers. And for growers not registered for VAT, these prices carry an additional 5.4% in value for the tonnes delivered.
Floor
IFA grain chair Mark Browne said the Dairygold price put a floor on the market.
“While the prices will not cover production costs for the farmers who suffered considerable yield losses this season, they do somewhat acknowledge the difficult tillage season,” he said.
Browne called on all co-ops and grain buyers to show a similar commitment to the sustainability of their grain suppliers by returning similar prices at a minimum.
Merchants
While the €157/t for feed barley compares well with the €150/t being paid by some private merchants, the wheat price and malting barley premium stand out in particular. The level of premium seems higher relative to other years, but its extent will only become known when others declare their price levels.
Meanwhile international grain prices continue to strengthen. French MATIF December wheat futures have risen by almost €25/t in a slow continuous fashion since early August. With other futures markets behaving similarly, overall market sentiment is stronger than it was but against a backdrop of surplus global production.
Dairygold has set its 2020 green grain prices at €157/t for green barley and €183/t for wheat. The prices reflect a somewhat stronger sentiment in the market than existed at harvest time.
Being the first co-op to announce its green grain prices, Dairygold indicated its wish to support its growers in this very challenging year. And while there were some very good yields in part of its catchment area, other areas were worse affected by the different weather patterns of 2020 and, in particular, the losses caused by the harvest storms.
The co-op board finalised its prices at a meeting on Tuesday. All prices quoted here are exclusive of VAT. They are for 20% moisture grain, the required quality specifications and subject to its minimum purchase terms. The specific prices are as follows:
Feeding barley €157/t.Feed wheat €183/t.Oats €152/t.Contract malting barley €187/t.Beans €210/t.Non-contract beans €200/t.Oilseed rape €360/t (green at 9% moisture). The level of co-op support in these prices is not stated but it is definitely included. And while these prices may not fill the deficit created by poor yields for many growers, they do include co-op support for its grain producers. And for growers not registered for VAT, these prices carry an additional 5.4% in value for the tonnes delivered.
Floor
IFA grain chair Mark Browne said the Dairygold price put a floor on the market.
“While the prices will not cover production costs for the farmers who suffered considerable yield losses this season, they do somewhat acknowledge the difficult tillage season,” he said.
Browne called on all co-ops and grain buyers to show a similar commitment to the sustainability of their grain suppliers by returning similar prices at a minimum.
Merchants
While the €157/t for feed barley compares well with the €150/t being paid by some private merchants, the wheat price and malting barley premium stand out in particular. The level of premium seems higher relative to other years, but its extent will only become known when others declare their price levels.
Meanwhile international grain prices continue to strengthen. French MATIF December wheat futures have risen by almost €25/t in a slow continuous fashion since early August. With other futures markets behaving similarly, overall market sentiment is stronger than it was but against a backdrop of surplus global production.
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