- Location
- Chichester
Old crop markets found their way to new highs last week as tender activity ran into a general lack of fresh selling to meet the demand. The absence of Ukraine from the market was keenly felt. Egypt, requiring multiple cargoes for May arrival, bought the single Russian shipment on offer before turning to France to fill the majority of their tender. Other tenders were mostly completed with optional-origin sales where the seller retains control of where wheat is finally shipped from. It’s far from clear that European origins can fill the gap in the short term, but US wheat is too expensive to cross the Atlantic for the time being, so the firm price environment is set to persist for now.
The UK has neither the quality nor the available surplus to get directly involved in International activity, but of course we benefit from the opportunities that arise to fill in gaps left behind in those countries that are putting together large shipments. Interest for old crop persists in all grades so speak to your farm trader for the latest values.
Have a good week.
To speak to our Grain Traders, call 01243 784171 or email [email protected]
Visit our website: www.bartholomews.co.uk
The UK has neither the quality nor the available surplus to get directly involved in International activity, but of course we benefit from the opportunities that arise to fill in gaps left behind in those countries that are putting together large shipments. Interest for old crop persists in all grades so speak to your farm trader for the latest values.
Have a good week.
To speak to our Grain Traders, call 01243 784171 or email [email protected]
Visit our website: www.bartholomews.co.uk