Switzerland: No less than 9,390 tonnes of wheat will be downgraded

The Steering Committee of the Swiss Federation of Grain Producers (FSPC) has decided to support the downgrading of 9,390 tonnes of wheat suitable for bread making to Class II. The physical downgrades of the goods will take place between December 1, 2023 and June 30, 2024. The FSPC will assess the evolution of the market situation (Illustration: FSPC). The FSPC recalls in a press release that it proposed, on November 1, 2023, to support the downgrading of Class II bread wheat for the 2023 harvest. Such a downgrading makes it possible to avoid a surplus situation on the market through the flow of surplus wheat into the fodder sector. The aim is to avoid a drop in producer prices, by balancing supply with demand. Following the evaluation of the offers (9,840 tonnes in total) and taking into account the costs linked to the quantities to be declassified as well as the market situation, the FSPC Steering ...