EU: Overview on malting barley prices for 2005 crop
Analysts estimate that domestic feed barley markets hover around intervention levels. Malting barley prices are increasingly depressed by poor export business (no more chances for sales to China) and a lack of any demand in domestic markets.
Analysts believe there is still open demand for the second half of the grain year, but the bad malt markets discourage maltsters from covering further quantities. Present price levels for crop 2005 are:
Czech Republic
2rs Jersey (Prestige)ex farm, by truck October 2005 € 113,25
2rs Malz ex farm, by truck October 2005 € 111,00
Denmark
2rs Barke FOB coaster November 2005 € 130,002rs Prestige/Pasadena FOB coaster November 2005 € 125,50
Germany
2rs Scarlett/Auriga FOB Main October 2005 € 132,00
Sweden
2rs AstoriaFOB Lakes November 2005 € 123,00
U.K.
2rs Optic/Cellar FOB East coast UK January 2006 € 128,00 2rw Pearl FOB East coast UK January 2006 € 122,00
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