The impact of supply, demand and grain quality on the bread and feed wheat price differential in the UK.

An evaluation of the relative importance of the factors affecting the premium price for bread wheat.

Year of Publication2006

A hypothetical model of the UK wheat economy was devised using data from 1982 to 2000 to develop a statistical model for the premium for bread wheat. A high premium was associated with high livestock numbers, low Hagberg falling number and low wheat stocks. It was concluded that the main variables associated with the premium were demand for feed wheat, quality of the wheat harvest and carry-over of wheat from the previous harvest.

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