- Location
- Stoneleigh
n the first half of this season (Jul-Dec) 275Kt of oats were milled in the UK, 3% more than in the same period in 2019/20. This was despite the better quality of the 2020 crop, reducing the amount of oats needed for the same volume of finished products.
Higher exports of oat products, such as oat flakes, supported the volume milled. Between July and December 2020, the UK exported 49Kt of oat flakes, compared to 26Kt in July to December 2019.
Sales to EU and non-EU destinations both rose sharply in late 2020. There was a risk of high tariffs on oat product exports to the EU if the UK and EU had not agreed a trade deal by 31 December. Non-EU exports were potentially higher because of the risk that all UK exports could be disrupted as the UK adapted to its new trading arrangements.
In November, AHDB forecast UK demand to be static in 2020/21 based on the information available then. If the current usage pace continues, this forecast may rise.
If high demand, primarily for feed, is confirmed for this season, as currently seems possible, free market prices could rise relative to those for other grains. This would reduce the carryover and could help reduce the pressure on free market prices next season too – depending on yields and quality.
https://ahdb.org.uk/news/oat-milling-demand-boosted-in-first-half-of-2020-21-grain-market-daily
Join the 3.4K people who subscribe to our Grain Market Daily publication here - https://ahdb.org.uk/keeping-in-touch
Higher exports of oat products, such as oat flakes, supported the volume milled. Between July and December 2020, the UK exported 49Kt of oat flakes, compared to 26Kt in July to December 2019.
Sales to EU and non-EU destinations both rose sharply in late 2020. There was a risk of high tariffs on oat product exports to the EU if the UK and EU had not agreed a trade deal by 31 December. Non-EU exports were potentially higher because of the risk that all UK exports could be disrupted as the UK adapted to its new trading arrangements.
In November, AHDB forecast UK demand to be static in 2020/21 based on the information available then. If the current usage pace continues, this forecast may rise.
If high demand, primarily for feed, is confirmed for this season, as currently seems possible, free market prices could rise relative to those for other grains. This would reduce the carryover and could help reduce the pressure on free market prices next season too – depending on yields and quality.
https://ahdb.org.uk/news/oat-milling-demand-boosted-in-first-half-of-2020-21-grain-market-daily
Join the 3.4K people who subscribe to our Grain Market Daily publication here - https://ahdb.org.uk/keeping-in-touch
