Australia: ABB’s national No.2 malting barley pool opens on January, 16

ABB Grain announced the opening of its national No.2 malting barley pool on January, 16.

ABB’s pooled grain business unit manager Anthony Fitzgerald said this second pool offered another grain marketing alternative for growers to consider.

The estimated return for the premium varieties Baudin, Gairdner and Buloke will be AU$210-AU$220/tonne FOB with Flagship at AU$215-AU$225/t.

The traditional varieties of Schooner, Sloop, Fitzroy, and Grimmett, have an estimated return of AU$200-210/t FOB.

Segregations such as malt 2, malt 3, and no retention will be available, the company announced.

ABB offers three pool payment alternatives for its barley (malt and feed) pools. The traditional harvest payment, for barley, is 60 per cent of the FOB estimate less 100 per cent of estimated costs.

The other alternatives are quarterly distributions, which will have deducted 100% of costs incurred to the time of each distribution, and a single payment alternative paid at pool finalisation (less costs incurred during the life of the pool).

ABB closed its No.1 malting pool on December 31 last year.

16 January, 2009