Norway: Felleskjøpet recommends overlay of 38,700 tonnes of common wheat

The latest grain forecast for the 2020/2021 season from Felleskjøpet Agri shows that the supply of grain is about the same as in 2019/2020. The market regulator writes in a press release that the consumption of concentrates will increase, while the growth in the consumption of food flour that was in 2020 seems to be flattening out. The forecast is the basis for proposals for quotas for supplementary imports and for regulatory measures against surpluses of Norwegian grain. Norwegian grain crops vary greatly from season to season. The autumn of 2020 yielded a large crop of Norwegian grain. The supply is forecast at nine per cent above the five-year average. The players are responsible for reporting any profits as of 1 April. This year, a surplus of 9,000 tonnes of feed grain and a larger surplus of common wheat of 48,700 tonnes have been reported. Both the food flour and concentrate industries need qualities of grain and other raw materials that are not produced in Norway, or are ...