The Irish Farmers Association (IFA) reports that overall consumption and demand have plateaued over the past week in Ireland. Demand for processing material continues to pick up as we continue into the holiday period and indoor dining is expanding.
Queens are reported to be clearing well at present and demand has increased in the past week. Any remaining maincrop Rooster continues to tighten significantly. Early reports suggest that Rooster crops may be lighter due to a very cold spring period and drought conditions experienced during the most recent heatwave.
In the UK, remaining stocks of old crop materials are reported to be moving quite well and buyers are looking for the first of the new crop, according to the IFA.
Across Europe, early processing crops are catching up but yields are still behind the multi-year average. Dry matter levels have reached acceptable levels but in some cases growth rates have also started to slow down.
In Germany, where supplies have been disrupted by quality issues and crop lost, values for new crop are stronger this week.
Source: IFA. Full report and prices here