Plantings are complete or nearing completion in most of the country, expect for Donegal, as ground conditions have deteriorated following high rainfall. The rainfall has been welcomed overall by growers – so far in May triple the amount of rainfall has been recorded at the Oak Park station compared to the entire amount for May last year. Preliminary IFA stock figures suggest that stocks are lower than this time last year. At current projections, it will be mid/late August by the time new season maincrop volumes will be present on the market, therefore it is most likely that stocks will be significantly tight for the remaining of the season.
In the U.K, free buy whites are moving but only slowly and buyers are trying to force values lower. Movement of contracts is also starting to lag more noticeably but particularly in the South. Across Europe, export demand to Spain and Portugal as well as to Eastern Europe is showing signs of improvement. The processing sector is improving and is currently described as firm/ strong with some further price increases during the week.
|Rooster 10 kg||€3.30||€3.80||€3.50|