10 February, 2007

EU: A strong reduction of malt exports from last year are shown by EU malt export licence fixations

EU malt export licence fixations of 1.06 million tonnes at the end of January show a strong reduction of exports from last year.

At present the pace of exports is down by 160,000 tonnes. If the rhythm of export shipments remains unchanged, exports at the end of the crop year will total 1.8 million tonnes against 2.1 million tonnes last year.

There is no single reason for the lower exports, but a combination of factory closures, uncompetitive offers of inland maltsters, a very short malt cover by brewers, and some losses of market share to maltsters of Canada, Argentina, Russia and China.

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