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Northern Ireland farmers contracted to supply milling oats to White's Oats say the pricing mechanism leaves them at a disadvantage. The contract uses the LIFFE feed wheat futures index for July to September rather than a guaranteed market price, and growers say this trails spot prices.
This is a local contract dispute with limited effect on global feed prices. It shows that feed-wheat benchmarks can run below spot oat values in the UK market.
farmersjournal.ieKieran MaileySep 14, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
