Australia: Very good prospects for Australian malting barley
In view of the expected good crop in Australia prices of No. 1 malting barley dropped to round about US $ 190 CIF China, from both Australia and Canada.
The EU is not competitive at such a level. The EU, viz. Denmark, however, shipped one cargo to South Africa and will ship another one to Colombia, because of quality and logistics problems in Canada
Overall export prospects are good for Australia, as it will be the great supplier of China. Prospects are restricted for Canada by a small selection of malting barley and a chronic shortage of rail transport, and they are not good for the EU.
Its major outlet in recent years was usually Russia, but the country harvested a very satisfactory crop, which makes the size of malting barley imports uncertain.
Back
E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .
