Forestry Market Reports II

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Forestry Market Reports II
Sheep Factory Quotes c/kg including VAT
Factory May 07th Ewes Hoggets Spring Lamb
Dawn Ballyhaunis Tuesday 270 500+10QA 600+10QA
ICM Camolin Tuesday 270 500+10QA 600+10QA
ICM Navan Tuesday 270 500+10QA 600+10QA
Kepak Athleague Tuesday 280 500+15QA 600+15QA
Kildare Chilling Tuesday N/Q N/Q 630+10QA
Moyvalley Meats Tuesday 550 650

Once again cooler weather has prevailed over the past week, potato consumption remains buoyant. Store materials are getting low with more growers now finished selling. Similarly, in the European market stocks of table potatoes are declining rapidly and prices are firm.

Remaining planting is progressing well. Wind damage to the early coastal crops was reported on the east coast as a result of storm Hannah last month. Recent low temperatures would also have affected the development of the crop.

Weather wise, dry weather conditions could be an issue for the east coast in the coming weeks. In Northern Europe water levels are already a concern, with parts of France and Germany having already some restrictions in place.

Similar conditions have been experienced across Europe as planting in ‘excellent conditions’ is almost finished but cool overnight temperatures and the fact that soils are very dry is impeding the crop slightly.

The new crop from Spain is starting to appear and European buyers have been more selective. In the UK demand for exports remains high for processing and packing supplies.

Ex-Farm Potato Prices reported to IFA

  Low High Average
Rooster box €500 €520 €510
Rooster10 kg bag €5.75 €6.25 €6.00
Whites Box €500 €550 €525
Kerr Pink 10kg bag €6.00 €6.50 €6.25
Golden Wonder box €680 €720 €700

 

IFA National Dairy Committee Chairman Tom Phelan said a huge level of anger was building up among Glanbia suppliers over milk price.  He said Glanbia was the only milk purchaser to have cut their pay-out to farmers in both February and March, and was firmly last in the March league.

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IFA Rural Development Committee Chairman Joe Brady has welcomed the issuing of GLAS balancing payments worth €25m to 42,000 farmers.

However, he has called for all outstanding payments to eligible farmers (including those from 2018) to be paid without further delay.

IFA estimate that 1,500 farmers still have not received any payment for 2018, amounting to approx. €10.8m due in outstanding payments.

Joe Brady reminded planners that GLAS III farmers who are required to complete training under their GLAS plan by Dec 2019, must be facilitated in doing so.

The IFA Rural Development Chairman has called on the Minister for Agriculture, Michael Creed to raise the need for transitional arrangements for the 25,000 farmers whose GLAS contracts finish at the end of 2020 with the EU Commission.

This is necessary as it is now likely that the existing CAP will be rolled over beyond December 2020.

He said, “Farmers must have clarity as to whether there will be gap year when GLAS contracts finish, as environmental payments are a key component of cash flow and farm income on all farms”.

Domestic Market

Irish barley stocks remain high with the merchant trade looking at 60kt – 80kt on hand and a further 30kt – 40kt on farms. Many mills are sitting on unusually high stocks of by-products for the time of year. Mills had overbought in anticipation of the fodder crisis continuing into the spring. However, the good weather this spring facilitated an early turnout to grass which has reduced demand. Significant amounts of wheat are being offered to the trade over recent days from the North East / Dublin region, but this would be normal for this time of year.

The latest report from Eurostat indicates that 170,000 tonnes of maize were imported into Ireland during February mainly from Brazil, Canada and the Ukraine which has undermined the local barley market. Since last July 2018, over 1 million tonnes of non-EU maize have been imported which is already significantly above the 973,000 tonnes imported in the previous marketing year

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