Demand for feed remains subdued due to the benign weather conditions. Grass growth continues to remain strong and many animals are now out on grass for the time being at least. The demand for feed wheat remains reasonable however demand for barley remains weak and this is continuing to be a worry as the feeding season window narrows.
IFA Grain Committee Chairman Mark Browne has welcomed the positive announcements by Quinn’s of Baltinglass and Dairygold regarding the pricing of the 2019 field beans crop.
He has called on all feed merchants to show a similar commitment to the home production of protein crops.
Mark Browne said that 2018 was a very difficult year for bean production due to a late spring followed by a summer drought. This resulted in a reduction in area of 40% from 2017, combined with yield reductions of up to 70% in some areas.
The IFA Grain Committee Chairman said, “These prices should encourage tillage farmers to consider beans despite last year’s poor crops and reinstall confidence in the sector.”
“Government support for protein crops in the form of coupled payments is vital for the viability of this sector and this must continue under both the current CAP and post-2020,” said Mark Browne.
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.