Tumbling feed prices set to save farmers €150m this winter
Farmers are in line to save over €150m in feed costs over the coming winter as feed prices are predicted to tumble by 20pc.
Green barley prices are already back by 30pc to €140/t for this year's harvest, but other key components of animal concentrate feeds are also moving off their record highs.
Maize grain prices are also back by 30pc to €190/t off the boat, according to nutritionist Gerry Giggins.
"The price of maize is the overriding factor in global grain markets, so its drop will have a dramatic effect on prices," he said.
Soya is the other key input in animal rations, accounting for up to 20pc of the total price.
Prices for soyameal have eased by 10pc to €465/t, but these are still 13pc higher than this time last year, when it was making €415/t.
The price decline has been tempered by logistical problems.