Australia: Malting barley pool estimate increases AU$2/tonne (Victorian & east coast)
ABB Grain Ltd has reviewed its gross barley pool indicators for 2005/2006 and raised its malting barley estimate by AU$2/tonne, ABB Grain Ltd released June 15.
ABB Grain’s General Manager Marketing, Nigel Officer, said ABB had recently made significant sales of malting barley to China.
“Prices are strengthening on the basis of demand and uncertainty about new season’s supplies; this together with limited supplies from last season and also the limited competition between now and the northern hemisphere new crop has influenced the adjustment,” Mr Officer said.
Feed barley estimates for 2005/2006 remain unchanged.
Current gross estimates are as follows:
Victorian and east coast pools 2005/2006 season
Victorian No. 1 malting (closed October 31) AU$193/tonne
Victorian No.1 feed (closed October 31) AU$168/tonne
East coast (Vic, NSW & Qld) No.2 malting (closed January 24) AU$188/tonne
East coast (Vic, NSW & Qld) No.2 feed (closed January 24) AU$163/tonne
East coast (Vic, NSW & Qld) No.3 malting (opened January 24) AU$170/tonne
East coast (Vic, NSW & Qld) No.3 feed (opened January 24) AU$150/tonne
South Australian pools 2005/2006 season
No. 1 malting (closed January 24) AU$188/tonne
No.1 feed (closed January 24) AU$163/tonne
No.2 malting (opened January 24) AU$170/tonne
No.2 feed (opened January 24) AU$150/tonne
A AU$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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