Australia: Malt barley pool estimate reduced by A$2/tonne

ABB Grain Ltd has reviewed its gross barley pool indicators for 2005/2006 and has reduced its estimate by A$2/tonne for Malting Barley, to A$190/t, the company announced on October 17. This is for Vic, NSW and SA

The company’s estimate for Feed Barley remains unchanged at A$155/t.

ABB Grain general manager marketing, Nigel Officer, said the adjustment was in response to current supply and demand for malting barley within Australia.

“The increasing projected size of the malting barley crop for the coming harvest in Australia has influenced the decision to make this reduction,” Mr Officer said.

Current gross barley pool indicators for 2004/2005 are:

Victoria and New South Wales*

Pool 1
Malt A$220-A$230/t
Malt 3 A$195-A$205/t
Feed A$165-A$175/t
Feed A$160-A$170/t*

Pool 2
Malt A$218-A$228/t
Malt 3 A$190-A$200/t
Feed A$160-A$170/t

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