Battle rages over harvest grain prices
Tillage growers must remain in suspense for a little longer as final harvest prices for grain have yet to be decided by the bigger merchants.
The board of Glanbia met on Friday but backed away from setting a final price, while both Drummonds and Dairygold are expected to delay announcing their final prices for at least another week.
A meeting between Glanbia and an IFA delegation took place on Thursday evening, during which the IFA vehemently opposed a Glanbia proposal of €152/t for green barley plus VAT.
While the IFA is battling for a price of €160/t, it is believed that Glanbia sources have privately indicated that a price of €156-157/t could be on offer. An additional €10/t is expected for green wheat.
It is understood that other merchants have been paying €158-160/t for green barley in the past week.
Irish grain continues to discount imported grain by about €20/t in the case of barley and €8-10/t in the case of wheat.
As a result, grain imports are expected to fall dramatically from the usual import total of 500,000-750,000t.
Milling wheat and some barley is expected to come in through the ports but it is highly unlikely that feed wheat will feature this year.