Major US grain export from Openfield

Farmer-owned Openfield Agriculture has loaded what it claims is the largest export cargo of UK wheat shipped to the US in the past 20 years.

The Sbi Lambada, carrying 63,000 tonnes of grain, departed from Bristol’s Portbury Grain Terminal this week.  It brings the total volume of grain exported by the co-operative through Portbury this marketing year to more than 750,000 tonnes.

Sbi Lambada at Portbury Grain Terminal_OpenfieldUSA export_May2016.jpg

While the sale of wheat to US customers is a rare occurrence, as North America is one of the world’s largest wheat exporters, over the past few years it has imported a several cargoes of feed wheat when market conditions allow and in supporting the need to manage internal logistics, notes the company.

“When the market circumstances are suitable for the USA to import feed wheat then the UK is a suitable market for the USA to consider,” explains David Doyle, Openfield head of trading. “It values the traceability and reliability within the UK supply chain. The ability to source grain for specific cargoes from members’ farms and stores across the south west is a supporting factor in US importers’ purchasing decisions.”

Openfield says it has exported more than 1.5 million tonnes of grain from ports around the UK s far this marketing year. The main destinations have been in Europe, but it has also shipped grain to customers in North Africa and the Middle East.

Posted on May 27, 2016 and filed under Grain Trading, Company News.