Germany's 2011 wheat harvest remains 15% unsold, while barley, rapeseed crops nearly sold out, industry group says
March 22, 2012
– Germany’s wheat crop from 2011 is about 15% unsold, while barley and rapeseed crops are nearly sold out, according to farm-industry group Bundesverband der Agrargewerblichen Wirtschaft e.V.
Requirements from feed makers in particular have yet to be met, leaving the old crop able to be sold “without a problem” in the upcoming months, the group said.
Global markets for corn and soybeans remain tight, suggesting grain and oilseed prices will stay firm before next harvest, the group said. Demand for barley will maintain, and the 2012 wheat and rapeseed crops will attract buyers, according to the group.
The primary source of this article is Bloomberg, New York, New York, on March 22, 2012.