Combinables Price Tracker

[Brisel]

The unknown is what, if any tariffs will be forced upon us, something malt barley buyers are petrified of, hence very little appetite to buy old crop past march 19 atm..


C B

That’s easy enough for the trade - just put a clause in the contract that puts any tariffs back to the sellers account. Oh, you already have! How nice - we’ll be paying you to take away our grain soon enough.

A reasonably sized south coast merchant seemed to think the tariffs would balance out as the malt was coming back as fizzy lager but I disagreed with that. We’ll be paying a tariff to export barley and they will pay to send the beer back. Mind you, the implications from Westminster so far suggest that not one import will be subject to tariffs yet we’re in the hands of Brussels and every other country as to whether they will accept our goods in return without paying for the privilege.

Just how badly do Europe need our malting barley? I thought it was more than ever this year. Glad I’ve sold 80% of mine. Just need to get it gone now so I can flog the rest...

 

[Baling Hay]

That’s easy enough for the trade - just put a clause in the contract that puts any tariffs back to the sellers account. Oh, you already have! How nice - we’ll be paying you to take away our grain soon enough.

A reasonably sized south coast merchant seemed to think the tariffs would balance out as the malt was coming back as fizzy lager but I disagreed with that. We’ll be paying a tariff to export barley and they will pay to send the beer back. Mind you, the implications from Westminster so far suggest that not one import will be subject to tariffs yet we’re in the hands of Brussels and every other country as to whether they will accept our goods in return without paying for the privilege.

Just how badly do Europe need our malting barley? I thought it was more than ever this year. Glad I’ve sold 80% of mine. Just need to get it gone now so I can flog the rest...

I thought it was just Gleadell who had put that clause in the contract?

 

[crazy_bull]

I thought it was just Gleadell who had put that clause in the contract?

its in all AIC contracts, we just thought we would highlight it so everyone was aware of its implications, not burying head in the sand!!

C B

 

[limestone brash]

What is 1.65-1.75N propino/ planet worth now?
I’ve been holding onto mine having been offered £205 about a month ago
PS - I remain unconvinced Brexit will ever happen

 

[wellingtonfarmer]

What’s oilseed rape Herefordshire?

 

[Hampton]

its in all AIC contracts, we just thought we would highlight it so everyone was aware of its implications, not burying head in the sand!!

C B

That would only apply to exported grain though? Grain to Manchester etc would be unaffected?

 

[crazy_bull]

That would only apply to exported grain though? Grain to Manchester etc would be unaffected?

You'd like to think so, but it covers anything from export tariffs to say Labour get in and decide they want to do a grain tax (instead of land tax) not likely I know but as an example, £5/mt sold, that would apply.

C B

 

[Brisel]

Just another example of how the buck is passed to the farmer. How do we pass that on? I’d very much like to know the answer to that.

 

[crazy_bull]

Just another example of how the buck is passed to the farmer. How do we pass that on? I’d very much like to know the answer to that.

No different to any other tax that may or may not be levied on a product.

VAT for example, most invoices state something like VAT applicable at the prevailing rate at time of delivery. We have seen that alter 5% 2010 to 2011.

Non exporting grain is very unlikely to be affected, but that clause was in before Brexit was even conceived it is a catch all to cover changes in govermental legislation.


C B


Just thought of another similar example.... sugar tax on soft drinks, What if they brought in a gluten tax, I'm being silly with that I know but who ever knows what the future holds.

 

[limestone brash]

And the current price of propino/ planet 1.7 N is please?

 

[Steevo]

No different to any other tax that may or may not be levied on a product.

VAT for example, most invoices state something like VAT applicable at the prevailing rate at time of delivery. We have seen that alter 5% 2010 to 2011.

Non exporting grain is very unlikely to be affected, but that clause was in before Brexit was even conceived it is a catch all to cover changes in govermental legislation.


C B


Just thought of another similar example.... sugar tax on soft drinks, What if they brought in a gluten tax, I'm being silly with that I know but who ever knows what the future holds.

Or a meat tax!

 

[crazy_bull]

And the current price of propino/ planet 1.7 N is please?

Where are you roughly, guess somewhere between £190 and £210.

Depends how desperate someone is.

C B

 

[crazy_bull]

Ensus to shut at end of Nov, citing similar reasons to vivergo shutting...

C B

 

[bobk]

Ensus to shut at end of Nov, citing similar reasons to vivergo shutting...

C B

For good ?

 

[crazy_bull]

For good ?

Not sure to be fair, I guess with the ammount of infrastructure up there if the ethanol climate changes it could be re-fired up, so I guess moth balled would be a better phrase.

C B

 

[Brisel]

Ensus to shut at end of Nov, citing similar reasons to vivergo shutting...

C B

What are those reasons please? Input grain too expensive relative to the ethanol and distillers grains? £ too weak? Oil price too low?

 

[crazy_bull]

What are those reasons please? Input grain too expensive relative to the ethanol and distillers grains? £ too weak? Oil price too low?

My limited understanding is that UK Gov won't commit to the E10 ethanol inclusive fuel, thus removing their safety net.

The weak £ won't be helping as they were bringing in a lot of imported feedstock, because UK feedstock was too dear.

I guess we will hear more reasons as the week goes on.

C B

 

[Wheatland]

There was a program on radio 4 on Sunday evening about Vivergo and Ensus and the failure of government to introduce E10.


http://www.bbc.co.uk/programmes/m0000qr9

 

[yellow belly]

More feed needed this winter
Less maize imported for feedstock
Could be a net In crease in demand for U.K. feed

 

[bankrupt]

I'm betting on the £ to be about 89c, by March.

Which will put UK feed wheat at about £230 ex.