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Gleadell Market Update

KEEP AN EYE ON EXPORT MARKETS FOR YOUR WHEAT, DON’T COMMIT SOLELY TO ETHANOL, ADVISES LEADING TRADER…

“Farmers should not be tempted to commit their wheat solely to ethanol for future years – they need to keep all their options open,” advises David Sheppard, managing director of Gleadell Agriculture. “If we look at the exports we have made this season, we have opened up new markets for our farmer customers and added value to wheat sold forward many months ago, in what is still a volatile and fast moving market.

“From Immingham alone this season, we have loaded 45 wheat vessels with 11 different wheat specs to 12 different destinations. A good example of a new market for the UK are two 25,000mt vessels of breadmaking wheat we have loaded to Tunisia. Business to our other ‘traditional’ export destinations is also strong with shipments this season to Morocco, Norway, Denmark, Ireland, Italy, Belgium, France, Portugal – and this week’s shipment of 14,000mt of milling wheat to Spain on MV Arklow Meadow (pictured here loading at Immingham).

“It is worth underlining that wheat from Lincolnshire, Yorkshire and the East Midlands is the best quality available in the UK from the 2010 harvest as the weather favoured the wheat crops in these regions last year.

“Export markets are good news for growers today as we have paid very worthwhile premiums ranging from 3 to 25 for various different grades of wheat this season,” adds Mr Sheppard.

  • Gleadell Agriculture currently has offices in Full Sutton (Yorkshire), Hemswell (Lincolnshire), Swaffham (Norfolk), Lyndon (Rutland) and Warminster (Wiltshire)
  • Gleadell Agriculture Ltd is equally owned by Toepfer International – based in Hamburg, who trade in all agricultural products globally; and InVivo – based in Paris, who trade agricultural products on the international markets and operate major grain storage and handling facilities.

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