Australia: Barley growers to share AU$18 million in final pools distribution
Barley growers in South Australia and Victoria will share around AU$18 million with the distribution today of ABB Grain’s final pool payments for the 2004/2005 season, the company released June 22 (all figures in AU$).
South Australia
The final distribution for the No.1 pool is $50.25/tonne for malting barley (extended and standard pools) and $26.71/t (traditional pool) and $10.32/t for feed barley (extended and standard pools) and $11.05/tonne (traditional pool).
The payments bring total gross returns for the 2004/2005 barley pool to $224.25/t for the No.1 malting pools (extended and standard) $211.71/t for No.1 malting (traditional) and from $146.05/t and $152.32/t for feed No.1 pools.
In the extended pool, malting 1, the total gross return for growers for 2004/2005 is nearly $24/tonne better than it was for 2003/2004.
Extended pools
Malt No.1
Final payment - $50.25/t
Total gross return - $224.25/t
Malt No.2 – Shochu
Final payment - $51.25/t
Total gross return - $224.95/t
Feed No.1
Final payment - $10.32/t
Total gross return - $152.32/t
Feed No.2
Final payment $7.32/t
Total gross return $142.32/t
Standard pools
Malt No.1
Final payment - $50.25/t
Total gross return - $224.25/t
Malt No.2 – Shochu
Final payment - $51.25/t
Total gross return - $224.95/t
Feed No.1
Final payment - $10.32/t
Total gross return - $152.32/t
Feed No.2
Final payment - $7.32/t
Total gross return - $142.32/t
Tradition pools
Malt No.1
Final payment - $26.71/t
Total gross return - $211.71/t
Malt No.2 - Shochu
Final payment - $26.71/t
Total gross return - $211.71/t
Feed No.1
Final payment - $11.05/t
Total gross return $146.05/t
Feed No.2
Final payment - $11.05/t
Total gross return - $136.05/t
Victoria
The final distribution for the No.1 pool is $50.25/tonne for malting barley (extended and standard pools) and $26.71/t (traditional pool) and $25.32/tonne (extended and standard pools).
The payments bring the total gross returns for the 2004/2005 barley pool to $224.25/t for the No.1 malting pools (extended and standard) $211.71/t for No.1 malting (traditional) and between $166.05/t and $172.32/t for No.1 feed pools.
The extra return of around $20/t for feed barley in Victoria reflects the premium paid in the state’s domestic market over export parity, given the greatly reduced supplies of barley from the 2004 harvest.
The majority of pool barley in Victoria was used to service the domestic malting and feed markets. Only small quantities were exported, mainly in containers.
In the extended pool, malting 1, the total gross return for growers for 2004/2005 was almost $24/tonne better than it was for 2003/2004, while in the malting No.2 pool the total gross premium was $35.20/t better.
Extended pools
Malt No.1
Final payment - $50.25/t
Total gross return - $224.25/t
Malt No.2
Final payment - $49.25/t
Total gross return - $222.25/t
Feed No.1
Final payment - $25.32/t
Total gross return - $172.32/t
Feed No.2
Final payment - $19.32/t
Total gross return - $162.32/t
Standard pools
Malt No.1
Final payment - $50.25/t
Total gross return - $224.25/t
Malt No.2
Final payment - $49.25/t
Total gross return - $222.25/t
Feed No.1
Final payment - $25.32/t
Total gross return - $172.32/t
Feed No.2
Final payment - $19.32/t
Total gross return - $162.32/t
Traditional pools
Malt No.1
Final payment - $26.71/t
Total gross return - $211.71/t
Malt No.2
Final payment - $26.71/t
Total gross return - $209.71/t
Feed No.1
Final payment - $11.05/t
Total gross return - $166.05/t
Feed No.2
Final payment - $6.05/t
Total gross return - $156.05/t
ABB Grain’s managing director, Michael Iwaniw, said 2004/2005 was a “very challenging year” from a barley marketing perspective because of much lower volumes and the poorer quality barley harvest.
“2004/2005, after an extremely promising start to the season, turned out to be a disaster with well below average receivals of barley – 1.1million tonnes in South Australia, compared to 2.1 million in 2003 – and a very low ratio of malting barley to feed,” Mr Iwaniw said.
“We had great sympathy for the difficulties faced by growers and, to reflect that, the pool accepted a far wider range of segregations, especially in the lower grades of feed barley.
“As a result, ABB quite often accepted barley that was difficult to market.
“What we had to do was make the most of the poor barley receivals. We actively undertook a barley cleaning and grading program to maximise the availability of malting quality barley to maintain reasonable supplies to China in particular, as well as to provide suitable quality feed barley to our traditional feed barley customers in Saudi Arabia and Japan.
“Despite very poor conditions, we negotiated some Shochu barley to Japan, although we were unable to supply normal volumes to that country.
“By owning and managing the bulk handling storage system in SA, and through our alliance with Grain Pool in WA, the full benefit of the Grain Australia alliance came to the fore in a coordinated marketing approach to maximise price returns.”
ABB will release a detailed report on the South Australian 2004/2005 barley harvest in November, in the company’s second Pool Performance Report.
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