Big freeze gives UK wheat a chance

Harris, Robert
February 2006
Farmers Weekly;2/3/2006, Vol. 144 Issue 5, p24
Trade Publication
The article focuses on several factors that contributed to the increase in British ex-farm prices of wheat. Ice has closed some key waterways in eastern Europe which prevented grain from reaching export terminals. British wheat increased about £1.50 per ton to £66.50 to £70 per ton depending on the area. James Maw, Glencore Grain's European Union market trader, forecasts that if prices move significantly above intervention levels, Brussels will sell out of store and reduce export subsidies.


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