How do UK ex-farm winter wheat prices compare internationally?

Published Apr 25, 2024

Tridge summary

The article highlights the comparison of ex-farm winter wheat prices in the UK against that of key competitors like Canada, Germany, Denmark, Spain, France, Ukraine, and the US, based on data from 2018 to 2022. The UK had the fourth highest ex-farm price in 2022, despite consistent higher prices than the average of the included nations, except for 2019. All countries experienced a significant increase in prices in 2022, except for Ukraine due to export challenges and a surplus of grain. Spain's ex-farm prices were the highest in three out of the last five years, largely due to a poor grain harvest caused by drought. The upcoming article in the series will focus on the factors driving profitability internationally.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Sign up to receive the Weekly Market Report and Grain Market Daily from AHDB. As highlighted in the first and second articles of this series, AHDB submits data representing a range of ‘typical’ UK farms into an international benchmark database each year. With this data we can compare and analyse how UK cash crop production compares to key competitors around the world. This article will focus on farm income, by comparing ex-farm winter wheat prices using data back to 2018. The price for each country is an average of all the farms entered for that nation and includes a range of milling and feed wheat. As in previous articles in this series, the countries in this analysis include Canada, Germany, Denmark, Spain, France, Ukraine, the UK and the US. Averaging £248.48/t, in 2022, the UK had the fourth highest ex-farm price for winter wheat, behind Spain (£305.01/t), Germany (£253.25/t) and Canada (£248.84/t). Looking back, apart from 2019, the UK’s ex-farm prices have consistently been ...
Source: Ahdb
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