AHDB - UK Agriculture and Horticulture Development Board

05/18/2023 | News release | Distributed by Public on 05/18/2023 06:53

UK produced AN price fall slowed in April: Grain market daily

  • The Ukrainian export corridor, officially the Black Sea Initiative, was extended for 60 days yesterday. This strengthens the recent bearish sentiment in markets, which Millie covered yesterday.
  • As a result, Nov-23 UK feed wheat futures fell £7.25/t over the session yesterday, to close at £190.10/t, its lowest price since February 2022. The Nov-24 contract fell £4.25/t to £195.75/t, the lowest price since the start of this month.
  • Paris rapeseed futures also fell heavily. The Nov-23 contract lost €12.75/t to close at €404.50/t yesterday, the lowest level for the contract in nearly two years. Meanwhile, Nov-24 futures fell €5.00/t to €420.00/t, a new contract low.