Oat milk’s popularity has seen even dairy firms getting in on the fun, but record acreage of the cereal could see prices decline rapidly
— The oat bubble is probably set to pop.
While consumption is robust, that expansion in planting will probably outstrip annual growth in export and milling demand. The pending glut could cause prices to collapse, said Randy Strychar, president at Vancouver-based Oatinformation.com. For vegans, it means cheaper oat milk and oatmeal could be on the horizon. Oat futures for May delivery in Chicago have risen 16% from a low last year. Growers in Canada, the top exporter, will boost acres by 9% to the most since 2009, according to a February report from the nation’s agriculture ministry.
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