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<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 8321496" data-attributes="member: 142623"><p>Monday 05 September 2022</p><p></p><p>[ATTACH=full]1061550[/ATTACH]</p><p></p><h3>UK focus</h3><p>UK futures followed trends in global prices last week. UK feed wheat futures (Nov-22) gained £4.00/t over the week, closing at £266.50/t on Friday. The Nov-23 contract closed at £257.00/t, gaining £5.10/t Friday – Friday.</p><p></p><p>East Anglia delivered feed wheat prices for September delivery were quoted at £263.00/t on Thursday, up £8.00/t from the previous week. This price increase mirrors UK feed wheat futures movements (Thurs-Thurs).</p><p></p><p>Bread wheat delivered into North West for November was quoted at £331.50/t, up £9.50/t Thursday to Thursday.</p><p></p><p>Natural gas prices in the UK continue to climb. The Nord Stream 1 pipeline which had been due to reopen on Saturday is still shut as Russia’s state-owned energy firm Gazprom is said to have found a leak. As at 12.30pm today, nearby ICE natural gas prices were 525.00p/therm, up 115.58p/therm (28.23%) from Friday.</p><p></p><p>The UK Government and devolved administrations have launched a consultation seeking views on proposals to update and amend The Bread and Flour Regulations 1998 and The Bread and Flour Regulations (Northern Ireland) 1998. Details of the consultation can be found <a href="https://consult.defra.gov.uk/food-compositional-standards/bread-and-flour-consultation-2022/" target="_blank">here</a>.</p><p>The Bread and Flour Regulations lay down specific rules on the labelling and composition of bread and flour and include a requirement to fortify non-wholemeal wheat flour. The consultation includes proposals to update the regulations to ensure consistency with other food standards legislation and implements the Government’s previously agreed policy to add folic acid to the list of mandatory nutrients required to be added to flour at a specific level. The consultation runs from Thursday 1 September to Wednesday 23 November.</p><p></p><p>[ATTACH=full]1061551[/ATTACH]</p><p></p><h3>Rapeseed focus</h3><p>Rapeseed markets followed the oilseed complex down as Paris rapeseed futures (Nov-22) closed Friday at €612.75/t, down €16.50/t across the week.</p><p></p><p>Delivered rapeseed (into Erith, Nov-22) was quoted at £530.50/t, up £1.00/t across the week. Sterling weakening (-1.89%) against the Euro sheltered our domestic market from the pressure on the continental market. Trading closed Friday at £1 = €1.1556.</p><p></p><p>Despite sunseed and soyabean EU production being revised down, Stratégie Grains raised their estimates of this year’s EU rapeseed harvest to 19.2Mt from 18.5Mt. This is 12.9% above last year’s level. Rapeseed growing conditions have been favourable and harvest results better than expected.</p><p></p><p>Read the full AHDB Cereals and Oilseeds weekly market report here - <a href="https://ahdb.org.uk/news/arable-market-report-05-september-2022" target="_blank">https://ahdb.org.uk/news/arable-market-report-05-september-2022</a></p><p></p><p>Subscribe to receive Market Report direct into your e-mail inbox here -<a href="https://ahdb.org.uk/keeping-in-touch" target="_blank"> https://ahdb.org.uk/keeping-in-touch</a></p></blockquote><p></p>
[QUOTE="AHDB Cereals and Oilseeds, post: 8321496, member: 142623"] Monday 05 September 2022 [ATTACH type="full"]1061550[/ATTACH] [HEADING=2]UK focus[/HEADING] UK futures followed trends in global prices last week. UK feed wheat futures (Nov-22) gained £4.00/t over the week, closing at £266.50/t on Friday. The Nov-23 contract closed at £257.00/t, gaining £5.10/t Friday – Friday. East Anglia delivered feed wheat prices for September delivery were quoted at £263.00/t on Thursday, up £8.00/t from the previous week. This price increase mirrors UK feed wheat futures movements (Thurs-Thurs). Bread wheat delivered into North West for November was quoted at £331.50/t, up £9.50/t Thursday to Thursday. Natural gas prices in the UK continue to climb. The Nord Stream 1 pipeline which had been due to reopen on Saturday is still shut as Russia’s state-owned energy firm Gazprom is said to have found a leak. As at 12.30pm today, nearby ICE natural gas prices were 525.00p/therm, up 115.58p/therm (28.23%) from Friday. The UK Government and devolved administrations have launched a consultation seeking views on proposals to update and amend The Bread and Flour Regulations 1998 and The Bread and Flour Regulations (Northern Ireland) 1998. Details of the consultation can be found [URL='https://consult.defra.gov.uk/food-compositional-standards/bread-and-flour-consultation-2022/']here[/URL]. The Bread and Flour Regulations lay down specific rules on the labelling and composition of bread and flour and include a requirement to fortify non-wholemeal wheat flour. The consultation includes proposals to update the regulations to ensure consistency with other food standards legislation and implements the Government’s previously agreed policy to add folic acid to the list of mandatory nutrients required to be added to flour at a specific level. The consultation runs from Thursday 1 September to Wednesday 23 November. [ATTACH type="full"]1061551[/ATTACH] [HEADING=2]Rapeseed focus[/HEADING] Rapeseed markets followed the oilseed complex down as Paris rapeseed futures (Nov-22) closed Friday at €612.75/t, down €16.50/t across the week. Delivered rapeseed (into Erith, Nov-22) was quoted at £530.50/t, up £1.00/t across the week. Sterling weakening (-1.89%) against the Euro sheltered our domestic market from the pressure on the continental market. Trading closed Friday at £1 = €1.1556. Despite sunseed and soyabean EU production being revised down, Stratégie Grains raised their estimates of this year’s EU rapeseed harvest to 19.2Mt from 18.5Mt. This is 12.9% above last year’s level. Rapeseed growing conditions have been favourable and harvest results better than expected. Read the full AHDB Cereals and Oilseeds weekly market report here - [URL]https://ahdb.org.uk/news/arable-market-report-05-september-2022[/URL] Subscribe to receive Market Report direct into your e-mail inbox here -[URL='https://ahdb.org.uk/keeping-in-touch'] https://ahdb.org.uk/keeping-in-touch[/URL] [/QUOTE]
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