Australia: ABB Grain Ltd announced barley pools unchanged
ABB Grain Ltd announced on March 7 it has reviewed its gross barley pool indicators for 2005/2006 and has left its price estimates unchanged.
ABB general manager marketing, Nigel Officer, said the company had substantially marketed most of its feed barley and now had a strong shipping program underway. “On the malting barley side, following the Chinese New Year, we are starting to receive renewed interest from the Chinese,” he said.
The current estimates for the No.1 malting pool in South Australia, which closed on January 24, is A$186/tonne, with the feed barley No.1 pool A$163/t. For the No.2 malting barley pool in SA, which opened on January 24, the estimate is A$168/t, with the feed barley No.2 pool at A$150/t.
A A$5/t premium applies to the Baudin and Sloop varieties, although this is the last season in which this premium will apply.
The current estimate for the Victorian No.1 pool, which closed on October 31, is A$191/tonne for malting barley and A$168/t for feed barley in the No.1 pool. In the east coast pool (Victoria, NSW and Queensland) the gross barley pool indicators for the No.2 pools, which closed on January 24, is A$186/t for malting barley, with the feed barley No.2 pool at A$163/t. For the No.3 pools which opened in Victoria, NSW and Queensland on January 24, the estimate is A$168/t for malting barley with the No.3 feed barley pool at A$150/t. A A$5/t premium applies to Baudin and Sloop varieties, although this is the last season in which this premium will apply.
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