Grain Market Commentary
IFA analysis of the current grain market trends and developments and how they affect the Irish market and Irish farmers.
Native grain prices remain broadly stable amid slow demand. Compounders continue to use higher percentages of maize in rations. Dry grain prices for 2019 are slightly weaker at €185/t for barley and €193/t for wheat.
There were no significant price changes in the domestic grain market in the past week. The combination of ample supply in merchant stores and availability of cheaper imported maize continues to result in little demand in the market.
Prices for Irish dried spot wheat and barley have eased slightly in recent days however wheat continues in a range from €214 – €220 while barley is slightly stronger at €216 – €222 depending on whether there is specific demand or not. Jan-Apr values have held steady while forward 2019 prices remain around €190 for barley and €195 for wheat.