Australia: Barley growers to share AU$6 mil in first distribution

Barley growers across Victoria will share in almost AU$6 million worth of first distribution payments from ABB Grain’s 2006/2007 pools, according to ABB’s media release, April 20.

Growers who delivered malting barley into ABB’s 2006/2007 pools will receive AU$150/tonne, or more than 47% of the estimated port figure for the grain.

Growers who delivered feed barley into the pool will receive a payment of AU$120/t, or approximately 42% of the current estimated port figure.

Payments for both will be subject to research levies and, where applicable, VFF levies and pro rata freight charges.

ABB Grain’s executive manager group marketing, Gary Spiel, said that the first distribution for feed barley – nearly 50% of the port figure – was, as a proportion, much higher than in previous years.

“This is a reflection of the extremely small crop in Victoria and South Australia in the 2006 harvest but also, as a result, we have had much greater outturns than in previous years,” Mr Spiel said.

“The next distribution to growers from the 2006/2007 barley pools is scheduled to be made in July.”

Last month, growers in Victoria and SA shared AU$3.4 million in payments following the distribution of ‘top up’ payments for the 2006/2007 barley pools. The payments of $60/t for malting and AU$15/t for feed were automatically paid to growers who supported ABB’s traditional barley pools.

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