Grain sales offer increased, mainly from purchasing companies

Published Jun 2, 2020

Tridge summary

The Polish grain market is experiencing a surge in grain sales offers due to empty warehouses and large grain exports, with around 6.5 million tonnes expected for the season ending in June 2020. This has led to a decrease in prices for cereals from the previous season and an increase in farmers' interest in contracts for the 2020 harvest. The European Commission predicts a better grain harvest in Poland than the previous year, expecting grain production to exceed the average of the past five years by nearly 1 million tons.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The grain market is still on the domestic grain market. The number of grain sales offers increased, but mainly from purchasing companies, because the farmers' warehouses are empty. Due to the large grain export, grain reserves are low - informs the Grain and Feed Chamber. This season (from July 2019 to June 2020) large grain exports are expected at the level of 6.5 million tonnes, which means that the cereal stocks at the end of the current season will be "clearly depleted" - noted the Chamber. Exporters have stopped buying cereals from old collections. Therefore, grain sales offers are mainly addressed to domestic processors. Nevertheless, both mills and feed factories probably already have enough raw material for the coming weeks. "Therefore, processors buy little grain trying to do it at low prices, mainly on local markets," - explained the Chamber. In the middle of the week, the purchase price of cereals from last season (with delivery) were: wheat consumption - 780-840 PLN / ...

Source: Farmer.pl