Grain exports expected to slow down in Q1 2024

The Grain and Feed Chamber anticipates a slowdown in Poland's grain exports in Q1 2024 due to low grain prices. Recent days before the holiday season saw limited grain transactions, with farmers hesitant to accept offered prices. Most feed mills seem adequately supplied for the post-holiday period, and the Chamber expects increased grain trade after January 10, 2024.

The strong Polish zloty and price corrections on the MATIF are pressuring grain prices offered by exporters. Limited exports are attributed to low prices, depleted grain supply, and high transportation costs. The Chamber noted declining wheat prices on the Chicago exchange and MATIF.

Source: PAP