23 March, 2007

Australia: ABARE corrected its Australian barley crop figure upwards to 3.72 million tonnes

ABARE corrected its Australian barley crop figure upwards from 3.673 to 3.722 million tonnes, the correction coming from a better estimate for South Australia.

The S/D balance, which does not show carry-over figures, gives a domestic demand of 3,160 Mill. tons and exports of 2.665 million tonnes incl. 1.240 million tonnes of malting barley and 627,000 tonnes of malt in grain equivalent. Obviously the trade does not agree at all with these figures, but claims that any export surplus is much smaller, especially that of malting barley.

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