07 July, 2006

EU: Barley intervention stocks increased to 2.3 million t

At the end of the grain year 2005/06 EU barley statistics look disappointing, analyst said. Exports were 2.87 million t vs. 3.47 million t in 2004/05. Intervention stocks increased by 800,000 tons to 2.3 million t in spite of export and domestic sales of 1.7 million t. Exports against “zero refund” licences amounted to 886,000 t. Experts estimate that less than half of that quantity was malting barley.

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