Irish grain prices remain steady, however, barley is struggling as demand is light and there are reasonable stocks available. Last August, during the drought many buyers had bought ahead to protect themselves against shortages but with the surge in fodder supplies into the Winter this did not materialise and the quantities ordered were not required.
Irish grain prices remain steady however, feed demand has slowed this week. Barley is particularly slow as it struggles to compete in rations as maize is discounting it by €33/t. The last week has seen a significant increase in the volumes of Irish wheat being offered to the market.
Native grain prices remain unchanged from last week. There will be little activity over the coming weeks until action returns in January. Unfortunately, the Ukrainian maize harvest has been revised upwards by 1 million to 35 million tonnes which could create extra import pressure. However, China is in talks with the Ukraine regarding increased imports of the product which could alleviate the problem.