With the announcement of the revised ‘living with Covid’ document during the week it is likely that the processing market will remain supressed until the summer months. Retail demand remains positive and demand continues to tighten for quality packing material. Any hopes of planting in the south east last week were dashed as the weather changed significantly leaving ground conditions very poor across the country.
In the U.K. demand is described as lacklustre, with the majority of movement on contract. Early plantings were also halted last week as weather conditions deteriorated.
In Europe, prices in the fresh sector remain stable and demand for export is still slow. On the Futures market, there has been trading in all the forward positions this week and prices have moved higher. The E.U. has declined a request for “equivalence” regarding the export of seed from the U.K to Europe. The decision has been challenged and an application for “substantial equivalence” is now being pursued.
|Rooster 10 kg||€3.30||€3.80||€3.50|