If oats are regularly among your purchases at the grocery store, you may have noticed either short supply of the grain, higher prices, or both. According to Food Business News, that's because North American oat-growing regions experienced severe drought last year, leading to a smaller harvest that was outpaced by increasing demand.
"I've never seen anything like this in my 40 years of working in the oat industry," Randy Strychar, president of the oat market analyst firm Oatinformation, said at the food industry media company Sosland Publishing's 45th annual Purchasing Seminar earlier in June 2022. Strychar noted that interest in oats for their gluten-free properties, as well as their use in popular plant-based milks, has caused demand for the grain to go up, and is also driving up prices for oats — which, of course, is good news for oat producers, though it might be bad news for oat consumers.
"The bottoms are in, and prices are only going up from here," Strychar said at the seminar. He added that next year's oat harvest might well be uncertain, too. While last year's droughts disrupted the oat harvest and subsequent supply, heavy snowfall over the winter moistened the soil in those regions — perhaps too much, causing late oat seeding this year that could result in average oat production at best. So, the next time you spot your favorite oat product at the store, you might want to stock up.
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June 16, 2022 at 12:14AM
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