Glanbia has announced its grain prices for harvest 2021.
It will pay its members €210/tonne for green feed barley and €220/t for green feed wheat.
According to a statement, premium grains will deliver “strong additional returns” for growers.
More than 40% of the total grain intake delivers a market premium for growers.
It said its dedicated grains team has worked with farmers to “substantially expand” the area sown to value-added premium crops.
Grain prices 2021
It will fork out €2 million in premiums “over and above” the feed price to farmers for delivering food-grade and other value-added crops this harvest.
This equates to a premium of over €20/tonne, on average, for value-added grains.
Premium crops such as High Erucic Acid Rapeseed (HEAR) delivered €575/t, with gluten-free oats at €260/t returning “strongly” for growers.
Strong worldwide markets for grain
Glanbia Co-op chairman John Murphy said: “The strong worldwide markets for grains was evident in 2021.”
“It was good to note that harvest 2021 was one of the best for growers in the last 20 years with prices and yields well above the long-term averages.”
“It is welcome to see the strong premiums that value-added crops are delivering for growers.
He said the company is completing a state-of-the-art R&D facility on-site in Ballyragget.
The development will provide significant capabilities for its team of food technologists to “work with the top-quality grains from our family farms to develop new and exciting opportunities for food ingredients”.
The overall Glanbia green grain intake was up over 10% on the previous year.
Further increases expected next year
John Kealy, Glanbia Ireland’s head of grains, said:
“The team is continuing to work with our premium customers to deliver and expand on value-added opportunities for our growers.”
He said harvest 2021 saw the acreage of HEAR Oilseed rape more than treble.
“Further significant increases are expected in 2022 with strong interest from growers.”
“As the largest buyer of Irish grains, Glanbia Ireland uses only Irish cereals in rations sold through our agri-business.”
Glanbia Ireland stated it has worked throughout 2021 to ensure growers are equipped with more information, including forward pricing options.
This enables them to make informed decisions that suit their individual businesses through the issuing of prices and global market updates on a weekly basis.
Glanbia grain prices
|
Glanbia Harvest 2021 Member Grain Prices |
|
|
Price per tonne (excluding VAT) |
|
|
Feed Barley |
€210 |
|
Feed Wheat |
€220 |
|
Feed Beans |
€255 |
|
Oilseed Rape |
€535 |
|
HEAR Oilseed Rape |
€575 |
|
Winter Barley (Contracted) |
€220 |
|
Standard Food Grade Oats |
€246 |
|
Gluten-free Oats |
€260 |
|
Equine Oats (Contracted) |
€220 |
|
Quality Oats (Contracted) |
€210 |
|
Feed Oats (Uncontracted) |
€195 |
|
Note: Composite price per tonne includes standard transport allowance for delivery to drying locations. Price is inclusive of the 2021 Trading Bonus Scheme of €10/t for Members’ Grain subject to minimum tillage input purchases. It will announce its malting barley price in due course. |
|
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