07 February, 2007

EU: French farmers already sold 30 - 40 % of their expected malting barley production of 2007

According to market analysts stating on February 2, 2007, it is estimated that French farmers already sold 30 - 40 % of their expected malting barley production of 2007, and an equally large amount is bound by frame contracts with a later price fixation.

In the UK forward sales seem to be no more than 50 – 75,000 tons, in Denmark 100 – 150,000 tons.

German farmers, who are offered around EUR 160, - for pre-contracts, shy away from selling new crop barley, they find the offered prices not attractive enough.

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