EU: The EU Grains Management Committee rejected all bids to export free market barley this week. The last weekly export subsidy approved on EU barley was 12.5 TMT in mid-February, but the accumulated barley export subsidies approved since last October total more than 1.48 MMT. The Japanese Agriculture Ministry (MAFF) purchased 20 TMT of Australian feed barley in their weekly tender. The Canadian Wheat Board is projecting a 2005-06 Canadian barley crop of 13.2 MMT, about equal to this year’s crop, although acreage is expected to fall 3% due to more favorable wheat prices. CWB projects domestic consumption will be 11.1 MMT and exports at 2.5 MMT (including about 700 TMT of malt exports to China, Japan and the US). Feed use if projected higher at 10.3 MMT, due to rising feed requirements in their livestock sector.
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