16 May, 2006

Australia: ABB Grain re-estimates barley pool indicators

ABB Grain Ltd has release May 16 its reviewed gross barley pool indicators for 2005/2006 and had left its price estimates unchanged.

ABB Grain’s General Manager Marketing, Nigel Officer, said the estimates had remained steady despite recent upward currency movements in the Australian dollar, which had seen it rise to almost 78c against the greenback.

Current gross estimates are as follows:

Victorian and east coast pools - 2005/2006 season
Victorian No. 1 malting (closed October 31) - A$191/tonne
Victorian No.1 feed (closed October 31) - A$168/tonne
East coast (Vic, NSW & Qld) No.2 malting (closed January 24) - A$186/tonne
East coast (Vic, NSW & Qld) No.2 feed (closed January 24) -A$163/tonne
East coast (Vic, NSW & Qld) No.3 malting (opened January 24) - A$168/tonne
East coast (Vic, NSW & Qld) No.3 feed (opened January 24) - A$150/tonne

A $5/t premium also applies to Baudin and Sloop malting varieties for 2005/2006 although this is the last season that premium will apply.

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