Australia: Pool estimates unchanged and new Malt 3 grade opened in eastern states
ABB Grain Ltd announced on November 1 that it has reviewed its gross barley pool indicators for 2005/2006 for its east coast pools and has left unchanged its estimate for Malting Barley, at A$190/tonne.The company’s estimate for Feed Barley also remains unchanged at A$155/t.
However, ABB has begun a new Malt 3 grade on the ‘east coast’ to capture malting barley of insufficient quality to make the higher grade of Malt 1. It will include Schooner, Sloop, Gairdner and Grimmett varieties.
Malt 3 currently attracts an indicative price of A$170/t, or A$20/t less than Malt 1.ABB Grain’s general manager marketing, Nigel Officer, said ABB was making a concerted drive to secure more barley, especially in New South Wales.
“This is the first time ABB has been able to offer pool products to New South Wales and Queensland growers and we’re very keen to demonstrate we’re here to secure their barley,” Mr Officer said.
“Growers will be able to see what marketing options we have for their grain – whether it’s barley, wheat or a range of other commodities – and compare our products with our competitors.
“ABB has extensive experience and knowledge in running pools and we’re keen to provide growers in New South Wales and Queensland with the opportunity of participating in them.
“One of the strengths of growers dealing with a company such as ABB Grain is our prompt payments. That confidence in knowing that payments will come through when stated is very reassuring to many growers.”
ABB has also established Feed 2 and Feed 3 pool segregations for all states, with Feed 2 currently having an indicative price of A$150/t and Feed 3, A$140/t.
Meanwhile, the current gross barley pool indicators for 2004/2005 are:
Victoria and New South Wales* 2004/2005
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
Regresar
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