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<blockquote data-quote="Brisel" data-source="post: 5957798" data-attributes="member: 166"><p>The difference between import parity & export parity is around £10/t. Yes, you'll get a wider spread when ocean freight rates are higher but it costs the same per tonne to get a 50,000t boat across the Atlantic in 4 days as it does to get a 29t artic 4 hours up the road. My malting barley is currently going 4 hours to Norfolk to be malted then another few hours to the brewery. If it was low enough in N it would be heading up to Scotland for whisky. The east/west spread is over £10/t i.e a West country feed mill has to pay at least £10/t more than one in Cambs. That's why there aren't many registered LIFFE futures stores in the west.</p><p></p><p>Where is the 2mmt of wheat no longer required by the ethanol plants going? That's 12% of the UK harvest demand gone. It's starting to look like it didn't exist in the first place. Interesting times. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite24" alt="(y)" title="Thumbs Up (y)" loading="lazy" data-shortname="(y)" /></p></blockquote><p></p>
[QUOTE="Brisel, post: 5957798, member: 166"] The difference between import parity & export parity is around £10/t. Yes, you'll get a wider spread when ocean freight rates are higher but it costs the same per tonne to get a 50,000t boat across the Atlantic in 4 days as it does to get a 29t artic 4 hours up the road. My malting barley is currently going 4 hours to Norfolk to be malted then another few hours to the brewery. If it was low enough in N it would be heading up to Scotland for whisky. The east/west spread is over £10/t i.e a West country feed mill has to pay at least £10/t more than one in Cambs. That's why there aren't many registered LIFFE futures stores in the west. Where is the 2mmt of wheat no longer required by the ethanol plants going? That's 12% of the UK harvest demand gone. It's starting to look like it didn't exist in the first place. Interesting times. (y) [/QUOTE]
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