Gleadell Viewpoint Autumn 2012

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By Appointment to her Majesty The Queen. Supplier of Quality Seeds Gleadell Agriculture Ltd Lincolnshire

AUTUMN 2012 VOL 10, ISSUE 2 www.gleadell.co.uk

The not so Good, The Bad and The Ugly The UK harvest of 2012 will not

Channel the French, Germans and Scandinavians were

be remembered fondly by anyone

having an excellent harvest with excellent quality and good

involved in the combinable

yields. As a result, the UK market began to draw in imports

crops sector. Despite barley -

from all of these countries as well as from further afield.

both winter and spring - faring

In an extremely difficult year such as this, we believe that

reasonably well and having coped with the wet summer

Gleadell have performed well and have been able to move

adequately, rapeseed yields were only fair to moderate,

almost all qualities of wheat when others have failed - and

whilst wheat yields and quality ranged from moderate

to upgrade feed wheat at good premiums when others

to dreadful.

Contents MARKET PROSPECTS

02

Gleadell’s traders discuss market prospects for feed grain, milling wheat, pulses, organics, oilseed rape, malting barley and oats.

CAMPAIGNING FOR BRITISH FARMING

04

David Caffall, Chief Executive of the AIC, outlines the important role played by his trade association serving the supply industries.

could not. For a farmer wanting to move his harvest wheat,

The quality of the wheat crop has presented obvious

and to get some cash in, it’s not really good enough to offer

issues, not just for farmers, but also for the whole supply

no movement and no solutions other than ‘we think things

chain. Many merchants have struggled to physically move

will improve in a month or so’.

wheat of below 65kg/hl, whilst shippers have been forced

The global picture continues to be one of tightening supply

to buy back port sales in large volume as achieving a

and firm markets. We believe that all of the UK’s grain

minimum 72kg/hl average became unachievable at ports

- almost regardless of quality - will be needed at some

outside some parts of East Anglia and the South East.

stage this season at some price. Markets for low quality

Animal feed compounders are working out what they can

wheat will take time to develop and we all face a challenge

use - and at what price, whilst flour millers have stepped

However, you can be assured that Gleadell will be at the

grists to establish just how low they can go in utilising UK

forefront of efforts to bring the best options available to the

quality.

farm gate.

To make matters worse, whilst the UK was reaping its

David Sheppard, managing director, Gleadell Agriculture

worst harvest in quality terms in living memory, across the

GLEADELL BARLEY POOL RESULT - HARVEST 2012 Feed Barley The UK and EU barley market has followed other grain markets higher since the extent of the US drought and lower yields in Russia and the Ukraine became evident. However, barley has been the poor relation of feed wheat, with the gap between the two widening to £20 per tonne in August 2012.

The UK barley harvest has produced acceptable yields and quality, particularly in comparison to the wheat harvest, and the pool was able to benefit from the market rally that began in late June and continued throughout July. Indeed, our base price of £154.60 ex-farm exceeds the average price Gleadell bought open market feed barley in the period October 2011

Prices shown are ex-farm and net of commission: Feed barley base price Winter Barley – premiums paid £25.00 per tonne Null-Lox Barley – premium paid £30.00 per tonne

190 180 170

150 140 130 120 110

Gleadell Agriculture Limited

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1/9/11

A review of the latest spring wheat, Null-Lox spring barley and spring pea varieties.

SPOTLIGHT ON FERTILISER

07

Market prospects for fertiliser - and the launch of the ‘Gleadell bioenergy’ service.

GLEADELL AROUND THE COUNTRY

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Our offices and facilities around the country to service our farmer customers, trade customers and end users.

to July 2012 by £12 per tonne. Yet again, for farmers looking to access low cost, risk-off grain marketing schemes, the Gleadell Pool has performed well – as the chart shows. Malting Barley The UK malting barley harvest has produced much better quality, both for winter and spring varieties, than we feared as the rain fell in June and July. On the continent, the EU crop produced generally excellent quality and, as a result, premiums for malting barley have been under pressure. Combined with the good base price achieved (see comments above), the premiums for winter barley - and especially for Null-Lox varieties of spring barley - far exceed what has been available in the open market for many, many months.

£154.60 Highest price £179.60 Highest price £184.60

£154.60

160

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in dealing with what we are confronted with this harvest.

up bread wheat imports as well as re-evaluating their

200

SPOTLIGHT ON SPRING CROPPING

Throughout Europe, a large tonnage of under 1.6N2 spring malting barley is moving as feed barley due to a lack of malting demand. It is also important to remember that the Null-Lox barley pool, which is bought on a produce of acreage basis, is non-defaultable in terms of quality and yield. This season, over 95% of all crops achieved malting quality and Null-Lox yields were also good.

www.gleadell.co.uk


Feed Grain

The demise of exports from the Black Sea will support EU values, especially with a lower corn crop, higher intra-EU wheat demand and an already tighter EU wheat balance sheet.

Severe weather conditions during the summer resulted in feed grain markets rallying strongly. The worst US drought in over 50 years has decimated the corn crop, with total expected grain production now almost 100mln t lower than initial projections.

The UK has been hit with the wettest summer on record, leading to harvest disruption and major crop and quality losses. Yield is seen up to 15% down on last year and, even given the larger area, the total UK wheat crop is projected about 1.5mln t lower than in 2011.

A return to drought in the Black Sea has resulted in major crop losses for Russia, the Ukraine and Kazakhstan, leading to lower export availabilities and the likelihood of export curbs in 2013 to ensure domestic supplies. With dryness affecting key growing states in Australia, and Argentina’s wheat area lower, Southern hemisphere production remains uncertain, which in turn could result in a further tightening of global stocks.

The main quality issue is specific weight, with many farmers reporting numbers in the 60’s, raising problems for growers, merchants and end-users alike. David Woodland, trader

Pulses It has been yet another challenging year for pulse growers and traders alike with exceptional growing conditions, volatile cereal markets and late harvesting leading to much frustration. Peas started the season with planting well down as growers moved to what they saw as a more marketable option. Conditions then made a bad situation even worse - albeit quality remained at a high level, prices moved higher and the long term picture paints firmness between now and new crop. Demand remains fairly constant and end consumers are looking for continuity of supply, hence the level of buybacks being offered at present. These reflect a real opportunity, and values that will show as good a gross margin as any spring sown option - together with benefits to the rotation and entry to first wheats. Beans have come to harvest in a better condition than we thought possible - yields have surprised everyone, but late harvesting and out of condition samples have tightened up supplies with values remaining at an unsustainable level over wheat. With better than expected production in the UK and France, values may be forced down from the current highs.

In the EU, concerns during the year have been confirmed with a wheat crop projected 4% lower than last year, following severe weather during the winter/spring periods. However, quality has surpassed these concerns leaving the EU well-placed on the export market.

The Middle East remains the main focus for UK exports but, with high values being talked about, we expect the campaign to be a long drawn out affair. Ian Skinn, pulses trader

Milling Wheat Hagberg and protein levels have generally been of usable quality - it is really bushel weights that have caused problems for the millers. The national average on bushel weights has been around 70kg, but within this there are some significant regional differences, with East Anglia and Kent having the best of the quality and the South West and parts of the Midlands really suffering. Industry sources have estimated that just 4% of

Organics Producers’ pre-harvest concerns over quality, yield and admixture have all been realised beyond their worst expectations. Problems with quality have affected all parts of the country, although samples we have seen indicate that bushel weights further north are better than their southern counterparts.

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this year’s crop will make full specification milling compared to 44% last campaign. Whilst most UK flour mills have done what they can to use low bushel weights, the flour extraction rates they are able to achieve from these small pinched grains is markedly lower than normal as millers have to increase the volume of wheat that needs to be processed to achieve the same volume of flour production. These domestic quality issues have resulted in full specification Group 1 and 2 premiums moving sharply higher - but domestic UK wheat prices have now run into competition from much better quality imported wheat from France, Germany and Scandinavia. Organic Feed Wheat prices have risen in parallel with conventional trends, although hefty bushel weight allowances are bringing final prices back down to a pre-harvest level. On the positive side, spring crops have fared better and a lot of barley has achieved malting standard, whilst millers have dropped their specifications in order to accommodate as much of the UK milling wheat crop as possible, with some good premiums available. Milling Oats have generally made it through to the end user who has shown some flexibility on low bushel

The longer term outlook for EU wheat as a whole would point toward a similar situation to last season, with Europe experiencing shortage of feed grains rather than milling wheat, and milling premiums eroding as the season progresses. Current UK milling wheat premiums are historically big, but current UK values are now attracting significant quantities of imported material and this does beg questions: How long will these historically high quality premiums last for? Also, if the millers can buy 77/78kg imported wheat, how much longer will they keep taking the lower quality UK material? Jonathan Lane, trading manager

weights. Those which are too discoloured are finding homes in the feed market. Another crop to have suffered is beans - although incorporation into animal feed use should pose no problems. If ever there was a year to establish quality before selling, then this is that year as consumers’ requirements and specifications are very varied. In order to prevent costly rejections and claims, make sure agreed fallbacks are in place before movement. Tony Kenny, organic trader


MARKET PROSPECTS

Oats The UK 2012 oat crop was always going to be tight with a 8% increase in plantings, steady demand from oat millers, and the unpredictable pre-harvest weather pattern. The winter oats generally suffered from a lack of sunshine, and intake specifications had to be adjusted to process deliveries in the 47-51kg range. This significantly slowed the production line and, as a result, created demand for higher quality UK 50kg plus parcels. To combat the sheer volume of sub-standard oats, imports from Sweden and Finland have been traded, and this trend is expected to supply 55/60kg oats. After completion of harvest, many growers have cleaned/ screened the oats, taking out straw and chaff in particular, which dramatically improved the quality on delivery. The miller requires the grower to present deliveries that can go straight into the mill in return for their continued support with pre-harvest contracts. Spring oats have, to some extent, saved the day with better bushel weights and cleaner samples. It is probably a little harsh to discuss varietal performance in a difficult season, but Mascani and spring oats generally led the way. Robert Leachman, oats trader

Malting Barley New barley traits bring benefits to growers, and the arrival of Null-Lox is not just good news for Maltsters and Brewers – delivering better processability and energy savings - it is also great news for farmers who are now benefiting from the fact that using NullLox enables buyers to use much higher nitrogen (1.92) than if they were using conventional varieties (1.85). And this is just the beginning, as Gleadell will be trialling the next new Null-Lox varieties next spring which will add even more value to the supply chain.

But it is also positive for other growers who produce higher nitrogen and that is where Null-Lox comes into its own. Supported by Carlsberg and Heineken, we can again offer a leading range of contracts for crop 2013, including non-defaultable through to premium over wheat futures and the very successful Pool. All in all, it adds up to a range of contracts proven to give growers the best possible chance of managing risk and maximising returns.

Stuart Shand, sales director

That’s really good news for farmers at a time when the UK market is changing rapidly, pushing farmers away from 1.85 brewing type barley towards the much riskier max 1.65 distilling type varieties. The growth in the distilling market is also positive news at a time when brewing is in decline, and will certainly benefit anyone who can consistently grow very low nitrogen spring barley.

Oilseed Rape The rapeseed market continues on a rollercoaster ride with fundamentals, macro and emotion all driving the market. Rapeseed prices have largely been a follower of the soy complex in recent months, and forecasts for incredibly tight US soy S&D took soybean prices to record highs, with European rapeseed values firmly attached to its coattails. Rapeseed production in Europe as a whole exceeded pre-harvest expectation – apart from the UK, where the difficult growing season and inclement harvest weather undermined production. A return to better crush margins for European processors helped to boost demand and more than offset the better than expected yields.In Canada, the crop has suffered and estimates have now been lowered amid some serious concerns about canola production in

Australia as they continue to miss the rain. However, recent weeks have seen prices throughout the oilseed markets fall sharply from their highs as the US started their soy harvest and yields appeared to be a little better than first feared. This was the catalyst for the funds - who have sat on huge longs - to liquidate their positions and take their money off the table. Market fundamentals still point towards higher prices, soybean crush demand is not being rationed at a fast enough pace, and the carryout prediction for the US soy complex should underpin values. These markets remain volatile and do not trade the fundamentals all the time, so we have to watch out for negative macros and the moods of fund managers who could hit the sell button at any time. Farmers with rapeseed to sell should have ‘caution’ as their watchword, even when the market is going up. Don’t forget to sell. Jonathan Lane, trading manager

GLEADELL AGRICULTURE

03


CAMPAIGNING FOR BRITISH FARMING There was nothing new about a single, cohesive voice in agriculture. After all, the NFU had represented a diverse range of farmers – horn and corn, landowner and tenant - for nearly a century. Now, a farmer might see the coming together of suppliers as a threat. The reality is quite the opposite. The mission statement for AIC, which has stood the test of time, is to work in ‘support of modern, sustainable, commercial agriculture. AIC is made up of some 300 member companies, including Gleadell, who can only thrive if their farming customers are thriving. That is why you see AIC working side by side with the NFU and the CLA on very many important issues. And, in recent years, this collaboration has become far more necessary as the big issues that affect UK farming have become so big that no trade association has the resource to tackle them. Whether it is meeting the needs of the Water Framework Directive, the challenges of greenhouse gas reduction or the Campaign for the Farmed Environment – AIC is amongst the leading trade bodies and levy boards seeking to find practical and economic ways forward in the face of increased regulatory and policy demands from Whitehall, Holyrood, Cardiff, Stormont or Brussels. We are well-known as an opponent of red tape!

With an increased emphasis on the whole foodchain, David Caffall, Chief Executive of the Agricultural Industries Confederation (AIC), outlines the important role played by his trade association serving the supply industries. Whether you choose ‘field to fork’ or ‘plough to plate’, neither of these phrases does justice to the full foodchain which – in my view – begins before the farm gate. However, until the past decade, the supply industry was fragmented and lacked a cohesive voice. There was, for instance, an association dedicated just to fertiliser manufacture. While such a body may provide a detailed service to its specific members, it meant that policy makers in Whitehall did not have a point of reference to understand what the supply trade generally needed.

04

Thus a decade ago, some wise heads in the supply

Success on the big issues brings big benefits

industry came together to consider how a ‘more

wherever you are in the agricultural system.

joined up approach’ could be achieved. The result

Take the CFE. If we and the farming unions had

was that AIC was created to represent a range

not persuaded government that a voluntary system

of supply industry sectors: arable marketing,

could deliver environmental benefits, the siren

crop protection distribution, animal feed,

voices of single issue pressure groups would have

fertiliser manufacture and distribution, and seed

succeeded in gaining compulsory set-aside. That

merchanting.

would have meant 7% less land to farm profitably and 7% less potential business for AIC’s member companies.


CAMPAIGNING FOR BRITISH FARMING With the announcement that David Sheppard, Gleadell’s Managing Director, has been appointed to the AIC Board, Viewpoint takes a look at this trade body with a strong campaigning record in support of British farming. For each of the sectors we serve, AIC has

of power. Today, we meet frequently at Minister of

There is always more to do, but it is fair to say that

specialists who provide detailed advice on

State level, occasionally at Secretary of State level

AIC has achieved its early goals not just for the

regulations and policy. This, in turn, enables our

and, in September, we were asked to participate in

supply industry, but for the farming industry and

member companies to have a fuller understanding

an industry lunch hosted by the Prime Minister at

the food chain as a whole.

of issues when they advise their farming

Downing Street.

customers. Alongside our technical information, we also operate a number of trade assurance schemes dealing with the safety of combinable crops, feed ingredients and feed materials. We also operate the Fertiliser Industry Assurance Scheme that, once again, has allowed industry to deliver a voluntary answer to fertiliser security without overbearing regulation. All our schemes have been developed to align with schemes operating for farmers, such as the Red Tractor Scheme. Again, reducing the burden of bureaucracy and minimising red tape for farmer customers. An important part of the relationship between accompanies products and services on to farms.

What is AIC?

AIC actively supports the existing professional

The Agricultural Industries Confederation (AIC)

schemes for crop protection products and

is the leading trade association in the agrisupply

fertilisers, BASIS and FACTS respectively.

industry. Formed in October 2003 between the

Currently, we are developing similar systems for

merger of three existing trade associations, the

farmer and supplier is the quality of advice that

animal nutrition advisers. All these schemes are designed to engender confidence for farmers in

AIC has some 300 Members in the agrisupply trade and represents £6.5 billion turnover at

the quality of advice being offered on-farm.

the farmgate.

While recent years have seen AIC develop a

AIC works on behalf of its Members by: Lobbying

range of services and practical schemes, it has also achieved the goal it was set up for. That is to have a consistent voice of the agricultural supply industry heard and acted upon in the corridors

policy makers and stakeholders; Delivering Information; Providing Trade Assurance; Offering Technical Support.

Who do we Represent?

The Voice of the Agrisupply Industry By listening to the needs of its member companies, AIC has become the voice of the agrisupply industry. AIC Member companies are fully involved in the working and communication process which ensures that AIC are the leading representative force in these sectors.

AIC Aims AIC promotes the benefits of modern, commercial, sustainable agriculture in the UK, and supports collaboration throughout the foodchain.

AIC Members represent the agrisupply industry which provides agricultural inputs into the agricultural and farming sector. The sectors are shown below: • Animal Feed • Crops Protection and Agronomy • Fertilisers • Grain and Oilseeds • Seed

GLEADELL AGRICULTURE

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SPOTLIGHT ON SPRING CROPPING The importance of rotation Spring cropping gives growers a vital tool in terms of both risk and time management. Good rotation enables growers to spread commodity risk, gives a spread of harvest and farm workload, and also aids the following crop – by potential nitrogen fixing from legume type crops - or from reduced pest and disease pressure. One major problem for the UK wheat crop is blackgrass, and spring cropping gives growers the chance of numerous spray/cultural control options prior to drilling of the crop. Other benefits from spring cropping are reduced input requirements and improved cash flow due to the reduction in time between drilling and combining date. Chris Guest, seed manager

PICTURE OF CHA CHA

Spring Peas Peas are an excellent spring option for growers, the key is to grow a specific variety for an end market and the appearance of the sample is as important as the standing power/yield and disease resistance. Marrowfats tend to be the highest value pea – and

uses including splitting and skinning.

are mainly grown on contract for an end user. Key

Finally moving to the large blue types, Prophet

varieties are Kabuki and Neon, although there are other options.

time. But now a new variety called Daytona has

The next market sector is the white pea. In the

already created a lot of interest – yields have been

past this variety was simply grown as a feed type,

very good. Daytona is an early variety to ripen with

however, there are now a number of different uses

excellent standing power which is of paramount

for the varieties. The variety of choice in this sector

importance for growers, along with solid all round

is currently Gregor – it has a bold sample and has

agronomic features.

good standing power. White peas have a number of

Spring Wheat

Null-Lox Spring Barley

The new Syngenta variety 5603HR, a Canadian type variety, has been successfully trialled on a commercial scale and is now approved for use in the 100% British loaf for Hovis.

The Null-Lox varieties have had another excellent year this year – showing their

Contracts are available at an attractive premium

consistency in performance in both

over feed and more than compensate for the

wet and dry conditions.

reduced yield. Quality is consistent and, with a smaller crop, savings can be made on handling and

In some parts of the country, spring barley

storage utilisation. 5603HR gives around 10-15%

has been the crop of the year and, in gross

increase on yield over AC Barrie, with improved

margin terms, growers of Null-Lox have

straw strength.

been very happy with the numerous contract

There are a couple of new spring wheat varieties

options available.

on the HGCA list for this spring. Mulika is a Group

Cha Cha and Charmay have both had a

1 quality wheat which can be drilled late autumn or

good year as has the new variety Cheerio.

in the spring and gives useful yield advantage over

Cha Cha has been the variety of the season

Paragon. The other new variety is KWS Alderon – a

at around 4% ahead of Tipple - and the

Group 4 feed variety with a slight yield increase over

new variety Cheerio has performed equally

Belvoir.

to Propino, adding consistency to its performance last year when it was slightly higher yielding.

06

has been the mainstay of this sector for some

KWS Alderon – a Group 4 feed variety


SPOTLIGHT ON GLEADELL

SPOTLIGHT ON FERTILISER Market Prospects

Nov/Dec Urea market outlook sees a much tighter

A continuation of the bad weather has resulted in

More factories that were due to come on stream

a poor harvest and difficult conditions for drilling

continue to have their problems, and we must not

in many parts of the UK. The poor harvest and

forget that values quoted today are still almost

weather conditions have delayed farm fertiliser

$80/tonne less than a year ago. AN stocks in

purchasing and, growers are unlikely to enter the

Europe have diminished as producers switch to

market until the gates are firmly closed behind

Ammonia production - which is likely to mean

autumn drilling.

that replacement may get harder to source going

The Nitrogen market had an early start to the

forwards. This will be especially true if importers

campaign, but there appeared to be no real strength

in continental Europe continue to pay higher prices

or direction in that early period and, in keeping with

than the UK.

position as the four major cornerstones of world demand all surface: North America, Europe, Brazil and the Indian subcontinent all have to purchase.

trade balance forecasts, we have seen no real price

means prices have been static until today when

trend on either Urea or Ammonium Nitrate develop.

we are starting to see the emergence of the EU as

The Granular Urea market has been totally directed by a buoyant US demand and so this, together with on-going tenders from the Asian economies,

a major buyer. Like the UK, they are well behind

Yara and GPN have moved prices up in Europe, and we are now seeing values move higher here in the UK.

on purchasing and, as we enter Q4, delivery times

Calum Findlay, fertiliser manager

will get squeezed and product will get tight. The

Gleadell Launches Bioenergy Service ‘Gleadell bioenergy’ is a service designed for AD Plant owners and contract maize growers with the objective of ensuring maximum yields and crop quality from energy maize grown for farm-fed AD Plants. The service covers provision of selected maize varieties, nitrogen stabilisers for slurry and digestate, as well as grower information and technical support to maximise energy output. nitrogen efficiency of organic fertilisers, the use

service and recommending three selected KWS

of Piadin will facilitate higher yields and better

varieties – Fabregas, Francisco and Ronaldino –

quality. The other benefit that is becoming more

as the optimum varieties for growers.

important with the tightening of legislation is the

Piadin is from SKW Piesteritz in Germany and,

environmental effects Piadin has on maize. Trials at the University of Munich in 2009 show that application of biogas residues with the addition of Piadin reduced N2O emissions by 75%. This is For the farmer developing a biogas operation, high output feedstock crops are essential – and for the grower with an AD plant nearby, biogas

an important factor to remember when proving to DEFRA what precautions you are taking, especially on large maize growing farms.

in comparable north German conditions, trials show that biogas maize varieties treated with Piadin have an average yield increase of up to 11%. Following the German trials, Gleadell are working with biogas specialists Future Biogas and FarmGen to show the effect Piadin has in practice in the UK. The farm trials have shown that, even with a late application of Piadin in poor

cropping represents a useful source of income.

weather conditions, a good maize crop can still

Maize grown for biogas is on the rise with an

be grown compared with other crops without

estimated 10,000 Ha to be sown next spring.

Piadin applied.

Unlike maize grown for forage, biogas maize needs specific biogas varieties and a planned

The ‘Gleadell bioenergy’ service helps growers to

fertiliser programme to get to its potential yield

maximise their yields, maximise energy outputs,

of 50+ tonnes/Ha.

minimise costs – and may help to hit their

By using Piadin, the nitrogen from organic fertilisers will be available to the plant in the right place at the right time. By improving the

PAS110 accreditation. The choice of the best variety is also important, and we are working with KWS for our bioenergy

Rob Buck, fertiliser trader

GLEADELL AGRICULTURE

07


GLEADELL AROUND THE COUNTRY … IN THE NORTH-WEST

GLEADELL HOST EUROPEAN GRAIN BUYERS

InVivo focussed on the European grain complex and the likely market dynamics for the rest of this season. Jonathan Lane concluded by detailing the issues facing the UK wheat sector after the problematic harvest of 2012.

On 4th October Gleadell, together with our shareholders InVivo and AC Toepfer, hosted a seminar for 80 UK and international grain buyers on the eve of the European Commodity Exchange in Edinburgh.

Attendees ranged from UK bread and cereal manufacturers to Italian pasta producers and worldwide brewers. On Friday 5th October Gleadell, InVivo and Toepfer were all at the grain exchange itself with over 1200 buyer and merchant visitors from across the globe.

Thorsten Tiedemann from Toepfer examined the world grain and oilseeds complex, whilst Pierre Duclos from

NORTH-WEST OFFICE Suite 15, West Lancs Investment Centre, White Moss Business Park, Skelmersdale WN8 9TG T 01695 722725 F 01695 722074

… IN YORKSHIRE

… IN THE MIDLANDS

YORKSHIRE OFFICE

MIDLANDS OFFICE

The Airfield, Full Sutton, York YO41 1HS

6 Luffenham Barn, Edith Weston Road, Lyndon, Nr Oakham, Rutland, Leicestershire LE15 8TW

T 01759 375660 F 01759 375661

T 01572 737165 F 01572 737145

... AT IMMINGHAM

… AT AVONMOUTH

… IN LINCOLNSHIRE LINCOLNSHIRE OFFICE

… IN THE SOUTH

Lindsey House, Hemswell Cliff, Gainsborough, Lincolnshire DN21 5TH

SOUTHERN OFFICE The Old Dairy, East Farm, Codford St Mary, Warminster, Wiltshire BA12 0PG

T 01427 421200 F 01427 421230

T 01985 851600 F 01985 851610

… IN EAST ANGLIA AND AT GREAT YARMOUTH It is ten years since Gleadell opened its East Anglia office and, during that time, we have steadily expanded our business in the region, and the team based at our office in Swaffham has grown to 15 farm traders with supporting staff. Our business has been built on our commitment to develop our trading products to the benefit of our farmer customers – and our position as a leading exporter of all grains. For example, this season, our Great Yarmouth export/import terminal helped oilseed rape exports with

Mv Furioso loading 5,000 tonnes of oilseed rape from East Anglia farmers bound for Europe - good news for farmer customers, giving an alternative to UK crushers as a harvest-time outlet. And we have also loaded the largest ship ever in Norfolk and Suffolk when Mv Zapolyarye took on close to 19,000 tonnes of 72 kg feed wheat bound for Portugal - yet another example of the way we are providing market outlets for East Anglian farmers in a difficult season. Trevor Gates, regional manager EAST ANGLIA OFFICE Beacon House, Turbine Way, Swaffham, Norfolk PE37 7H­T T 01760 726510 F 01760 726520

www.gleadell.co.uk DISCLAIMER: Prices quoted are indicative only at the time of going to press and subject to location and quality. Gleadell Agriculture cannot accept liability arising from errors or omissions in this publication.

HEAD OFFICE Lindsey House, Hemswell Cliff, Gainsborough, Lincolnshire DN21 5TH

T 01427 421200 F 01427 421230

Gleadell Agriculture Limited

www.gleadell.co.uk


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