U.K.'s Wheat Stockpiles Fall as Corn Supplies Advance

U.K. wheat inventories as of June 30 were 2.7 percent lower than a year earlier, in part as on- farm supplies fell in England and Wales, the Agriculture and Horticulture Development Board said. Corn supplies rose.

The country’s stockpiles were 1.495 million metric tons, or about 31,000 tons less than estimated in May, and less than supplies of 1.537 million tons a year earlier, AHDB’s grain unit, the Home-Grown Cereals Authority, said in a report on its website dated yesterday. Figures represent the final estimates for the 2011-12 season.

The U.K. exported 2.545 million tons of wheat during 2011-12, compared with imports of 908,000 tons, AHDB said. Figures are higher than previously reported because of “a recently identified coding error,” it said. Total wheat use was pegged at 13.662 million tons, 57,000 tons below the May forecast because of lower demand for the grain in livestock feed. Production was 15.257 million tons, unchanged from the May forecast and more than the 14.878 million harvested a year earlier.

Barley inventories as of June 30 were 940,000 tons, about 70,000 tons more than at the end of the previous season, AHDB said. Exports of the grain amounted to 804,000 tons and imports were 156,000 tons.

U.K. stockpiles of corn were 149,000 tons, or 38,000 tons more than a year earlier, according to the report. Imports rose to 1.102 million tons, up 142,000 tons from the May forecast, because of increasing livestock demand.

To contact the reporters on this story: Whitney McFerron in London at wmcferron1@bloomberg.net;

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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