Spring barley hits €148 per tonne as shortfall kicks in
Strong competition for restricted grain supplies on the home market has pushed the price of barley off the combine to as high as €148/t, the IFA claimed this week.
However, this assertion was challenged by merchants, who said prices remained in flux and that returns to growers would not be finalised until later in the harvest.
"Empty stores and a shortfall of 200,000t of Irish barley this harvest, due to a combination of area reduction and yield drop, has resulted in buyers competing strongly for grain," the IFA's Liam Dunne maintained.
"Prices of up to €148/t plus transport are on offer for barley off the combine as a consequence."
Most price predictions for this year's harvest are in the €135-145/t range but Mr Dunne insisted that better deals are on offer and he advised farmers to "sell hard".
These price skirmishes represented the extent of the activity on the harvest front for the last week, as poor weather stalled combines.
Nearly all of the winter barley has been cut in the main tillage areas. Cutting of malting barley has started in The Hook in Wexford and around Bagenalstown, Co Carlow.