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Grain prices continue to recover slowly as harvest pressure eases and sellers refuse to accept current low price levels. So the market has a slightly stronger tone this week. Spot wheat to the trade is put at around €173/t, with barley at €164/t. Forward positions are slightly stronger in both instances.
With September now past, the big co-ops are expected to finalise green grain prices in early to mid October.
On-account payments, typically of about €120/t to €125/t, have been paid by a lot of grain buyers, including both Glanbia and Dairygold.
Meanwhile, a number of merchants, who mostly are buying grain to produce rations, have been actively paying €140/t for green barley and €150/t for green wheat. It’s the level of payment IFA grain committee chair has been calling for as an absolute floor price to keep grain growers in business.
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