Europe: The barley market is stable in Europe, according to analysts. The European Commission met an offer for sale of 49KMT of feed barley (out of 142.456KMT provided) from Germany's intervention stocks at the maximum price of EUR 93.03/MT. Export prices for Russian barley also remain stable at a level of $136-137 FOB Novorossiysk, but the pace of exports remains slow. The total export volume has not exceeded 800KMT since the beginning of the season (July 2004/late March 2005).

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