Wheat Market Analysis

Current prices, historical trends, and profitability insights for Irish wheat farmers

Current Wheat Prices

Feed Wheat

Spot Price

€0.28/kg
1.1% monthly
View Analysis →

Milling Wheat

Contract Price

€0.32/kg
3.2% quarterly
View Contracts →

Average Profit

Per Hectare

€370/ha
12.5% yearly
View Report →

Wheat Price History (5 Years)

Monthly average prices per kilogram for feed and milling wheat in Ireland

Wheat Price History Chart
Source: Department of Agriculture, Food and the Marine

Profitability Comparison

Metric
Wheat
Barley
Oats
Hemp
Gross/Acre
€680
€720
€590
€1,820
Input Costs/Acre
€310
€290
€260
€240
Net Profit/Acre
€370
€430
€330
€1,580
Labor Hours/Acre
25
22
28
18
Based on Teagasc 2023 data and MH contracts

Frequently Asked Questions

What factors affect wheat prices in Ireland?

Irish wheat prices are influenced by global market trends, weather conditions affecting yields, input costs (especially fertilizer), exchange rates (as Ireland imports much of its wheat), and domestic demand from millers and feed producers.

How does wheat profitability compare to other crops?

While wheat remains a staple of Irish tillage, margins have tightened significantly in recent years due to rising input costs and price volatility. Many farmers are exploring alternatives like hemp which offer higher gross margins with lower input requirements.

Can I grow both wheat and hemp on my farm?

Yes! Many of our partner farmers successfully rotate hemp with traditional crops like wheat. Hemp improves soil health and can break disease cycles, potentially benefiting subsequent wheat crops. We provide full rotation planning support.

Where can I sell my wheat crop?

The main outlets are local grain merchants, feed mills (for feed wheat), and flour mills (for milling quality wheat). Unlike hemp which we purchase directly under contract, wheat requires finding buyers each season.