Grain Price Update 20th May
|Glanbia September 2022 Green €/T||Nov/Dec 2022 Dried €/T 1|
|IRL Feed Wheat||360||406-410|
|IRL Feed Barley||345||390-395|
|Oilseed Rape Paris2||–||822|
|Maize Ex. Port||–||380|
|FOB Creil Malting Barley||–||478 (Jul/Aug 22)|
² Source: Euronext correct as of 20-05-22
New crop grain prices spiked significantly on Monday May 16th on news of possible export restrictions from India. Paris wheat for Sep 2022 closed at €438/t on Monday.
Markets have cooled in recent days with Paris Sep 22 position dropping back to €418.50 on Friday 20th. Less market fear over Indian restrictions and a very large Russian crop forecast weighed on the market. Rain is also expected in Northern France.
Glanbia offered €345/t for green barley this week and €360/t for green wheat, a rise of €13 and €18/t on the week respectively.
Paris oilseed rape reached €866/t on Monday but prices have dropped to €820/t on news that Germany is phase out food-based biofuels by 2030 and Indonesia is set to resume palm oil exports next week.
FOB Creil rolling average price for Boormalt suppliers now stands at €425.17/t with this week’s price closing at €478/t.
|Spot Price||% Change vs Last Week||% Change year on year|
|Dutch TTF Gas Futures €/MwH||96.48||+1.5%||352%|
|Brent Crude Oil ($/barrel)||112.50||+4.2%||158%|