Farmers purchasing concentrates in a nut or ration form are facing a price increase generally in the region of €10/t. Most feed merchants/suppliers contacted customers in the last week citing that prices were increasing across the board as of 1 December 2020.

The reason given for the increase in price is a tightening in global grain supplies resulting from a combination of lower yield forecasts and a significant increase in the volume of feed being imported by China. There is a particular focus being placed on soya bean and maize production and price trends.