EU: Malt production will probably be less than the domestic and export demand

EU statistics of the first four months of the crop year 2006/07 prove that Germany and the UK will produce much less malt than their "paper" capacities would allow, the total EU production will probably be less than the domestic and export demand, market analysts have recently commented.

EU malt export licence fixations in the period of July 1 - December 19, 2006, were 909,000 tons, about 80,000 tons less than a year ago. At the same pace of exports over the next 6 1/2 months exports would only amount to 1.95 million tonnes, 250,000 tons below last year.

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