United Kingdom: Grain and Feed Annual

MY 2022/23 has been overshadowed by the developments in Ukraine. However, high UK grain prices supported planting despite high input prices, especially for fertilizer and fuel. With these costs now receding, and winter planting, crop establishment, over winter development, having gone well, and spring planting under way, the outlook for the UK grains crop is currently positive. Following a reduction in feed demand in MY 2022/23, largely due to a decline in the pig herd and modified poultry ration, a partial recovery is forecast for MY 2023/24. Demand from the biofuels sector is also forecast to continue to rise in MY 2023/24, and for wheat over corn.