The prices of hay and straw in Germany drop significantly in August

Published 2021년 8월 27일

Tridge summary

Hay and straw prices have seen a significant decrease in August, reaching their lowest levels since July 2018 for hay and November 2020 for straw. This is due to an abundant supply and lack of quality issues, despite ongoing rain. However, the decline in prices may slow as a result of moisture and fungus affecting hay and silage quality. Despite the overall drop, prices vary across the federal states, with Saxony having the lowest hay prices at EUR 90 per tonne and West Lower Saxony and West the highest at EUR 158 and 150 euros, respectively.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Hay and straw prices fell significantly again in August. Apparently the offer is large and there are (still) few signs of quality problems. Due to the constant rain, it should not be difficult to manufacture a sufficiently good quality. Recently, lower hay prices were lower in July 2018 - a good three years ago. Straw purchase prices have recently been lower in the fall of 2020. The Federal Ministry of Agriculture provides an explanation for the fall in prices in its current weekly harvest report. - wrote in the report However, the major quality problems in hay and silage production caused by continued rains are likely to slow down the fall in prices at some point. As in the case of harvesting cereals, moisture and fungus deteriorate the quality of the harvested hay and increase the drying effort. Nevertheless: in terms of quantity, the weather seems to provide strong growth and very strong harvests in most regions and Länder. On average, for all Länder and Chamber areas, the ...
Source: SwiatRolnika

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.