United Kingdom: Grain and Feed Annual

While the UK exited the shadow of Brexit and COVID-19 in marketing year (MY)2021/22 and put the 40-year low wheat crop of MY2020/21 behind it, the developments in Ukraine over the past few months have brought new uncertainties to the market. Already high input prices, especially for fertilizer and fuel, have risen further and some producers are reported to be considering alternate inputs as well as reducing crop applications. Even so, the outlook for the UK grains crop currently remains positive. Spring planting is under way in good conditions, and the winter crops are reported to have developed well and be mainly in good to excellent condition. With forecast demand for feed grains only marginally down year-on-year and demand from the biofuels sector rising once more, low opening stocks means the overall UK grain balance is expected to remain tight.