Maize imports and no-deal Brexit worries undermine wheat price | MED-Amin network | Scoop.it

By Jonathan Riley (Farmers Weekly), 15/11/2018

Maize imports, ethanol plant closures and the looming potential of a no-deal Brexit are putting pressure on wheat prices, according to grain traders.

Maize imports are up by one-third and have broken the 540,000t mark since July, HMRC figures show.

In the first three months of this year’s season (July-September 2018) the UK imported 544,000t of maize.

“Because wheat and maize purchases are already on the books, imports will continue to arrive through to next April,” Mr Bright said.

“It means we will have gone from a tight supply to an exportable surplus,” he suggested.