<img alt="" src="https://secure.item0self.com/192027.png" style="display:none;"> Top Stories

UK wheat prices up following lower planted area, while EU prices fall on the back of coronavirus

February 28, 2020

1 mins read

The UK wheat price continues its bullish trend experienced since the beginning of September, following planting disruptions caused by what is being reported as one of the most challenging seasons on record.

Extreme rainfall has been impacting wheat plantings across the country due to extreme moisture in the ground, which was made worse after Storms Ciara and Dennis. According to the Met Office, this has so far been the wettest winter since 2016. According to the AHDB, the winter wheat harvest is projected to be 17% lower than last year’s - the smallest winter wheat cropping area in decades. As a result, the average price of UK wheat is 18.6% higher in February, compared to September 2019 (the beginning of the bullish trend).

Meanwhile, the effects of COVID-19 are adding downward pressure to EU wheat prices. European wheat (Euronext) fell by 1% (€2.05/MT) between 19th February and 26th February, following market concerns as the coronavirus continues to spread further across the globe.

New call-to-action

Alana Barros
Alana Barros

/You May Also Like

Featured Image
Increased demand for maize and wheat has led prices to rise rapidly...
Featured Image
The Ukrainian sunflower oil price trended higher in October, with the...