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  1. H

    Large grain merchant gone under.

    Not true.... Yes I am interested in the grain trade because of my job but still not sure why that is a problem to anyone? I do not know any facts around Inglis, hence asking if anyone had any information. Of course that information may not be fact in the fullness of time but I personally am...
  2. H

    Large grain merchant gone under.

    I do from time to time but only now have a couple of non assured customers, it is definately getting more difficult to sell. Usually any non assured is purchased and sold to go on to non assured vessels as and when merchants are loading them.
  3. H

    Large grain merchant gone under.

    Yes I am an Agent buying grain for several different merchants as well as having my own small holding. Not sure why that impacts my questions but alas.. if you are not interested fine others including me are!
  4. H

    Large grain merchant gone under.

    Dare I say that it is far more interesting than another thread moaning about the malting barley industry in Scotland... I am interested because there is obviously no hard facts yet (although they will all subsequently be known), but bits of info usually get out and circulate. I would assume...
  5. H

    Large grain merchant gone under.

    What is everyone hearing about the Inglis demise... usually plenty of rumour and conjecture when this happens. The press reports makes it look like a managed withdrawal, but I am not so sure.... How much money is involved? Are many farmers owed money? Which other merchants are involved? Any...
  6. H

    Large grain merchant gone under.

    https://www.fwi.co.uk/business/markets-and-trends/crop-prices/scots-grain-merchant-alexander-inglis-son-in-administration
  7. H

    Large grain merchant gone under.

    Guaranteed minimum price contract with no obligation to supply sounds very fishy to me. Surely everyone would supply if the market was low (and Inglis would have the risk) yet if the market was high nobody has on obligation to supply?? I can't see what was in such a deal for Inglis apart from...
  8. H

    Large grain merchant gone under.

    My logic is simple, an extra £1/t is only an extra £29 per truck leaving the farm.... assuming OSR at £400/t each truck load leaving the farm is worth £11,600.... is the extra £29 worth it if you don't get paid!? Everyone has a different view on risk, but I suggest everyone should be mindful of...
  9. H

    Large grain merchant gone under.

    Once again having absolute confidence your grain merchant will pay each and every time a truck leaves the farm is clearly far more important that the last 50p/t or £1/t when selling grain. Do any of the grain traders on the forum know the scale of the problem or have a view? @crazy_bull
  10. H

    Large grain merchant gone under.

    Oh dear..... I fear this will be painful for many involved. I hope this is not a domino which subsequently impacts other merchants and then escalates the scale of the initial problem. What a massive change in Scotland.... WNL and now Inglis gone within a few months of each other.
  11. H

    Warburtons Contract

    Expecting all UK consumers to buy all their grain through a "National UK Co-Op" leaves them with one option.... Openfield! In the same way we would not want an industry with Frontier being the only buyer when we sell grain, why should we expect consumers to do the same?! Plenty of UK farmers are...
  12. H

    Warburtons Contract

    In many parts of France farmers have one buyer too and that is the local co-op. In the UK we are fortunate to have competition and options when either selling grain or buying inputs, if you don't want to deal with Frontier you don't need to, same with Openfield, ADM, Cofco, Glencore, Robin...
  13. H

    Warburtons Contract

    Wrong. Canadian imported wheat is not GM.
  14. H

    Warburtons Contract

    Warburtons have clarified the situation on Twitter: "At Warburtons we've made some changes to our wheat supply chain so we are set up for the future. We will continue to source 50% of our wheat from UK farmers and have no plans to change this. In fact, as we grow the amount of wheat we buy from...
  15. H

    Warburtons Contract

    Olly seems far more concerned about racking up retweets and likes from the misinformed people rather that correcting them. Silence is no defence! His post has clearly mislead thousands.... I am sure deep down he feels quite silly for not clearing up the details sooner, if not he should. I am...
  16. H

    Warburtons Contract

    Olly it is very misleading to refer to Frontier as a "US owner multinational".... if you dont believe me and want evidence of that, just look at the comments on your Tweet and how it has been interpreted by the UK public. You have made the UK public believe that US imports are replacing UK...
  17. H

    Warburtons Contract

    Thank you for clarifying. I didn't realise the structure. Does anyone know which parts of the business are "Group" and which parts are "Ag"... e.g. which parts are profitable / not? Clearly they are doing something right in the mix.
  18. H

    Warburtons Contract

    I have just read this and cant believe it! Regardless of opinions on Frontier or Openfield etc, Olly Harrison as a UK farmer should be ashamed of himself. He has let his poorly worded tweet get hijacked by misinformed people now looking to boycot Warburtons products as they think US GM wheat...
  19. H

    Warburtons Contract

    I was wrong ....Openfield did lose money. Looking on companies house at their most recent full accounts made up to 30th June 2019 (filed 31st May 2020). They made "A loss before tax of £2,767k" https://beta.companieshouse.gov.uk/company/03548572/filing-history That said you would never know...
  20. H

    Warburtons Contract

    @Hedger Could you share the Openfield results for this year, I thought they had made money (for a change) this year but I maybe wrong? I feel sorry for their decline, they have some good Reps and have a place, but I can't see the rot stopping for them anytime soon....
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