Grain producers have been urged to unite to minimise trading risks.
Speaking at a seminar for agricultural traders hosted by credit insurer Coface UK, Alastair Dickie director of marketing at the Home Grown Cereals Authority said that the grain sector is being threatened by ongoing volatile
trading conditions.
"Grain producers and the trade are faced with increasing risks, from the ever-present possibility of disease and poor weather to currency variations and the risk of client insolvency.
"Grain producers need to become more adept at planning and managing risk and one way to do this is by collaborating in order to obtain insurance cover."
Broker JCP Insurance has launched a group credit insurance scheme, underwritten by Coface UK, for the grain sector.
