Chamber of Grain and Feed: moderate grain trade on the domestic market

Published Jun 2, 2020

Tridge summary

Poland's grain exports are projected to reach 6.5 million tonnes from July 2019 to June 2020, leaving cereal stocks depleted. Exporters have ceased buying cereals from old collections, leading domestic processors to purchase grain at low prices. With the recent rainfall reducing farmers' concerns about crop conditions, they are increasingly signing contracts for the supply of grain from the 2020 harvest. Prices for grain from the 2019/20 season are around 780-840 PLN/t for wheat consumption, while prices for the 2020 harvest are offered at 730-750 PLN/t. The European Commission anticipates a better cereal harvest in Poland this year, expecting grain production to exceed 29.65 million tonnes, nearly 1 million tons higher than in 2019.

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

Original content

This season (from July 2019 to June 2020) large grain exports are expected at the level of 6.5 million tonnes, which means that cereal stocks at the end of the current season will be "clearly depleted" - the Chamber noted. 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 so 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) was: wheat consumption - 780-840 PLN / t ; feed wheat - 760-830 PLN / t; consumption rye - 530-600 PLN / t; feed rye - 500-570 PLN / t; triticale - 650-720 PLN / t; feed barley - 600-660 PLN / t; corn - 700-750 PLN / t; oat feed - 580-670 PLN / t., According to the Chamber, farmers are showing an increasing interest ...

Source: Portalspozywczy