EU: Experts predict a 1 million t deficit of malting barley and don’t exclude further exports of more that 100,000 t
A large deficit of malting barley of regular quality in the EU - 1 million t in analysts’ estimate of October 31 - is obvious. There are also continuous enquiries in the market for malting barley exports, one cannot exclude that 100,000-200,000 t will be sold abroad and increase the EU short.
A recent estimate of the "Malteurs de France" of large availabilities of good quality malting barley in France was happily adopted by many analysts, but not by the market. The price comparison of the beginning and the end of October looks as follows (prices in EUR as of October 02 / October 27):
French two-row spring barley, Scarlett, basis July, FOB Creil: 170.- / 198.-
French six-row winter barley, Esterel, basis July, FOB Creil: 150.- / 178.-
Danish two-row spring barely, Oct/Nov , FOB seaport: 180.- / 204.-
German two-row spring barley, Oct/Dec, CPT maltings Rhine: 190.- / 212.-
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