EU: Maltsters continue to cover malt sales back to back in barley markets

The combined effect of a smaller acreage and lower yields will be reduced supplies to the malting industry. Trade and industry are working with very tight S/D balances. Market prices show that the better weather in May has not turned around crop expectations. (in Euro per ton)

April 18; April 27; June 1
French 2row spring barley, July, FOB Creil 175-177; 210; 217
French 2row spring barley, July, FOB Moselle 186–188; 225; 228
French 6row winter barley, July, FOB Moselle 162; 190; 199
Danish 2row spring barley, Oct, FOB seaport 183; 210; 214

Maltsters continue to cover malt sales back to back in barley markets. They have purchased also good quantities of crop 2008 barley, prices are: French 2row spring barley, July 2008, FOB Creil EUR 188 – 190 and Danish 2row spring barley, Oct 2008, FOB seaport EUR 196.