News cereals
Agrifirm grain pool price down significantly in difficult year
Agrifirm has announced the grain pool prices for the 2023 harvest. The cooperative indicates that the harvest was difficult, resulting in lower yields and lower quality. In addition, the market was also going through a difficult time. What do Agrifirm's pool prices for grain amount to?
The basic pool price for feed wheat with an advance payment is €185 per tonne and without an advance payment it is €188,40 per tonne. This means that the pool price is more than €100 per tonne lower than for the 2022 harvest, when feed wheat was €292,50 per tonne. For baking wheat with a hectoliter weight of at least 76 kilos, the pool price including advance payment amounts to €189 per tonne. The storage pool of feed wheat is close to the basic pool in terms of price and Agrifirm pays €187,50 per tonne to its members for this. On top of these prices, the cooperative pays out €0,60 per tonne member benefit to its members.
Quality malting barley lean
The basic pool for feed barley amounts to €172 per tonne with an advance payment. Here too, an advance payment of €3,40 per tonne applies. The brewing premium could increase to a maximum of €35 to €207 per tonne for premium malting barley and whiskey malting barley. The storage pool for feed barley amounts to €176,50 and the storage pool for premium malting barley amounts to a maximum of €211,50. Agrifirm indicates that it was not possible for most parties to sell the barley as malting barley due to its quality. The winter barley, which was often harvested before the rainy period, was well accepted as malting barley. Most spring barley is marketed as feed barley. The basic pool for field beans amounts to €270 per tonne.
'Year to quickly forget'
The cooperative further reports that the grain was initially in good condition in the spring of 2023, but the weather conditions during the summer had a negative effect on both yield and quality. For example, storm Poly, which swept through the Netherlands on July 5, flattened a lot of grain and then the water continued to fall from the sky until mid-August. "The harvest was characterized by disappointing yields and moderate to poor quality of both wheat and barley. The average yield this year is therefore significantly below the multi-year average," the cooperative informed its members.
In addition to the harvest, the market was also not going well. There was a dull mood throughout the Arctic period, Agrifirm reports in the message. "There was a relatively large supply from countries around us, such as France and Germany, but the greatest influence on the grain market was the good yield achieved in Eastern Europe. This therefore created a lot of supply on the world market. This in combination with a less demanding market than in previous years, ensured that grain prices remained under continuous pressure. This resulted in a downward trend from the spring onwards to a price level that was well before the war. Fortunately, we have to conclude the 2023 grain harvest Due to the growing conditions worldwide, the market conditions for the 2024 harvest appear to be a lot more positive."
Jesse Torringa
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