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UK Wheat contract aims to aid stability
The Journal, April 24, 2004
Increased price volatility in the grain market has prompted the creation of a new wheat contract.

Gleadell Protect has been drawn up by Gleadell Agriculture, a top buyer of ex-farm grain, exporting wheat, barley, pulses and oilseeds.

Their new contract is for UK wheat destined for UK consumption and has attracted exceptional interest.

It involves farmers being guaranteed a no-fee, minimum-maximum price in the period they sell their grain.

The contract is divided into four periods over 2005/6, 2006/7 and 2007/8 enabling growers to budget over three growing seasons.

Mark Smith, grain manager at Gleadell's North office, said: "This is a completely new product designed to allow growers to further improve their marketing control.

"No-one else has a contract that offers growers and end users security over three years."

He said Gleadell Protect was the perfect marketing tool for farmers to ensure domestic production remained sustainably profitable.

It also ensured domestic consumers had access to home-produced wheat.
MGR Archive 26.4.2004
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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