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EU Maize Price Stays Below Wheat, Barley

EU Maize Price Stays Below Wheat, Barley

29 October 2014

EU - Prices for maize delivered to Rotterdam (a key commodities hub of the EU) have maintained a discount to feed wheat and feed barley for the second consecutive week - but only just, reports Dr Amandeep Purewal, Senior Analyst, AHDB/HGCA.

Harvest pressure is a key factor that has led the gap between maize and feed wheat/barley prices to narrow; maize is now at a €2/t discount to feed wheat/barley.

Once the EU has fully gathered its forecast record breaking maize crop, then competition for animal feed demand between these three contenders will begin in earnest.

From a UK perspective, this illustrates the need for feed wheat and barley to be competitive to avoid maize imports.

It also shows the challenge of exporting feed grains into Europe this season.

TheCropSite News Desk

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