Quinns in €340/t bid for oilseed rape deals
Published 24/08/2010 | 05:00
Tillage growers are being offered forward contracts worth €340/t for next year's oilseed rape harvest.
The price, on offer from Quinns of Baltinglass, is available to growers for either spring or winter oilseed rape and is based on a moisture content of 9pc.
Glanbia spokesman Eugene Woodbyrne said the company would not decide on a contract price until futures markets settled down. However, he added that the indicative prices were in excess of €300/t at present.
A yield of 2t/ac is considered a good yield.
Interest in oilseed rape is growing strongly, as farmers realise its potential as a valuable break crop on continuous tillage farms.
In one study carried out by Glanbia, the yield of wheat sown after oilseed rape increased by 1t/ac. With a bushel weight of 80kph at 19 to 19.5pc, the crop was located on a Gorey farm that had been in continuous cereals since 1990.
"Farmers could consider setting 25pc of their tillage land to oilseed rape," said Mr Woodbyrne. "There are good prices on offer and the payback in cereal yields should be built in.
"Taking the average price over the past five years, oilseed rape has outperformed cereals."