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Organic Market - Cereals
Market update May 2010 by Simon Tubbs Norton Organics
On the wheat side, there are a few consumers tidying up with old crop before the new harvest starts. Quite a lot of wheat for sale in the North of the country and less in the South where the interest mainly lies, so there is slight geographical imbalance between supply and demand. In general though, demand lacks lustre, people have been buying on a hand to mouth basis all year and now with dwindling supplies, buyers will have to be prepared to pay a little bit more.
With other crops like barley oats and triticale, demand is fairly low and there is not much available So in general, there is relatively little action in the market place. Looking forward, we are suggesting that new crop barley will be worth about the same as old crop and new crop wheat should be £10 to £15 more. There are a lot of people asking about prices, but not doing much business. For information please contact Norton Organics on 01787 210966.
Organic price information
Organic Grain Link is a project to help organic arable farmers produce and market their crops effectively and profitably. The project is supported for three years by DEFRA. Organic Grain Link produces a monthly crop marketing newsletter. To receive this please subscribe at www.organicgrainlink.co.uk/regframe.html.
Crop stocks set to rise for third year in a row
Global inventories of cereals, including wheat, rice and corn, will increase in 2010-11 for the third year in a row, the US Department of Agriculture said yesterday on its first forecast for the new crop year. The USDA said global stocks have surged almost 40 per cent in three years and could mitigate any potential supply shock next year.
Financial Times (12 May, p.34)
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