EU: The Commission has repeatedly stated that definitely no restitutions are foreseen for malt and for barley to typical malting barley destinations. Without such refunds, EU new crop malting barley costs: Danish/French two-row spring barley EUR 205-210, French six-row winter barley Esterel EUR 185-190 CIF South American Atlantic coast, some EUR 5 more for South China. Ocean freight has declined sharply, any further reduction or a better US-Dollar would improve the EU export position.

16 June, 2004