Green barley and wheat delivered by members to Glanbia Ireland drying locations during harvest 2018 will be paid a total of €205/t, it was announced on Monday night.
This price includes an extra €2/t co-op bonus to all members, which was approved by the co-op board on Monday.
This is in addition to the 2018 Glanbia Co-op grain trading bonus scheme, under which members can achieve a bonus of up to €10/t, where purchases of qualifying inputs from Glanbia exceed €60/t of grain supplied.
The 2018 green barley price for Glanbia Co-op members of €205 compares with €147/t paid to members for the 2017 harvest.
Glanbia Ireland prices for 2018 harvest crops, excluding VAT
Feed barley: member price €205/t - non-member price €193/t.Feed wheat: member price €205/t – non-member price €193/t.Contracted winter barley: member price €215/t - non-member price €203/t.Malting barley: member price €237/t – non-member price €225/t.Equine oats: member price €215/t - non-member price €203/t.Standard food grade oats: member price €231/t – non-member price €219/t.Gluten-free oats: member price €245/t – non-member price €233/t.Un-contracted feed oats: member price €200/t – non-member price €188/t.Oilseed rape: member price €356/t – non-member price €344/t.Feed beans: member prices €237/t - non-member price €225/t.Glanbia chair Martin Keane said: “We are pleased that harvest prices for 2018 are the highest in six years and quality was generally very good across all crops. However, the challenging weather resulted in winter crops generally yielding between 0.3t and 0.8t per acre below the five-year average.
“Spring yields were down by 1.0t to 1.5t per acre on the five-year average. Glanbia farmers managed to fill all of our premium contracts, which account for over 40% of the total intake.”
As announced in October 2017, all Glanbia Ireland prices quoted this harvest are inclusive of a €3/t allowance for delivery to a drying location. Higher allowances are paid for growers located greater than 15km from those relevant intakes.
“At harvest 2018, a significantly higher proportion of grain was sent directly to a drying location.
“This removes inefficiencies from the system and enhances the quality of our products, which should help us maximise market returns,” he said.
Premium contracts
Over 40% of Glanbia's total grain intake now attracts a market premium above the base price, Keane said.
"These premiums deliver significant benefits to our growers and we understand that Glanbia has a higher proportion of its grain in premium contracts than other grain purchasers in the country.
“For example, across all contracts, the weighted average price paid for barley to Glanbia Co-op members this harvest is €225/t (including transport allowance, premiums and trading bonus),” he said.
Read more
Boortmalt offers €230/t fixed pricing option for 2019
Green barley and wheat delivered by members to Glanbia Ireland drying locations during harvest 2018 will be paid a total of €205/t, it was announced on Monday night.
This price includes an extra €2/t co-op bonus to all members, which was approved by the co-op board on Monday.
This is in addition to the 2018 Glanbia Co-op grain trading bonus scheme, under which members can achieve a bonus of up to €10/t, where purchases of qualifying inputs from Glanbia exceed €60/t of grain supplied.
The 2018 green barley price for Glanbia Co-op members of €205 compares with €147/t paid to members for the 2017 harvest.
Glanbia Ireland prices for 2018 harvest crops, excluding VAT
Feed barley: member price €205/t - non-member price €193/t.Feed wheat: member price €205/t – non-member price €193/t.Contracted winter barley: member price €215/t - non-member price €203/t.Malting barley: member price €237/t – non-member price €225/t.Equine oats: member price €215/t - non-member price €203/t.Standard food grade oats: member price €231/t – non-member price €219/t.Gluten-free oats: member price €245/t – non-member price €233/t.Un-contracted feed oats: member price €200/t – non-member price €188/t.Oilseed rape: member price €356/t – non-member price €344/t.Feed beans: member prices €237/t - non-member price €225/t.Glanbia chair Martin Keane said: “We are pleased that harvest prices for 2018 are the highest in six years and quality was generally very good across all crops. However, the challenging weather resulted in winter crops generally yielding between 0.3t and 0.8t per acre below the five-year average.
“Spring yields were down by 1.0t to 1.5t per acre on the five-year average. Glanbia farmers managed to fill all of our premium contracts, which account for over 40% of the total intake.”
As announced in October 2017, all Glanbia Ireland prices quoted this harvest are inclusive of a €3/t allowance for delivery to a drying location. Higher allowances are paid for growers located greater than 15km from those relevant intakes.
“At harvest 2018, a significantly higher proportion of grain was sent directly to a drying location.
“This removes inefficiencies from the system and enhances the quality of our products, which should help us maximise market returns,” he said.
Premium contracts
Over 40% of Glanbia's total grain intake now attracts a market premium above the base price, Keane said.
"These premiums deliver significant benefits to our growers and we understand that Glanbia has a higher proportion of its grain in premium contracts than other grain purchasers in the country.
“For example, across all contracts, the weighted average price paid for barley to Glanbia Co-op members this harvest is €225/t (including transport allowance, premiums and trading bonus),” he said.
Read more
Boortmalt offers €230/t fixed pricing option for 2019
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