Sell grain while prices up: Delany
Published 15/02/2012 | 06:00
Tillage growers are being urged to assess prices and sell some grain if possible.
IFA grain chairman Noel Delany said international grain prices were on a high and growers would be well advised to examine their stocks and take advantage of prices that suited them.
Prices of €160/t for green new-crop wheat and €155/t for green new-crop barley were being offered in the past week.
Speculation about damage to South American maize crops and the effect of freezing weather conditions in western Europe, Russia and Ukraine have been the main drivers behind rising international grain prices.
However, there is a growing belief that the winter kill in Europe and Ukraine may have been over-estimated.
The combination of higher grain production and lower estimated kills levels could have the effect of reducing grain prices between now and harvest, claimed Mr Delany.
Wrangle delays organic payments
Payments to almost 150 organic farmers who are in AEOS are being delayed because of wrangling over the details of the scheme, the Irish Organic Farmers & Growers Association (IOFGA) has said.