Canada: 2006-07 barley exports to fall by 28% as lower feed barley exports are only partially offset by higher exports of malting barley

For 2006-07 barley supply in Canada decreased by 15% due to an 18% decrease in production related to lower area and yields. Barley exports are forecast by Agriculture and Agri-Food Canada (AAFC) to decrease by 28%, as lower feed barley exports are only partially offset by higher exports of malting barley, according to Grains and Oilseeds Outlook posted on September 20. Despite lower exports and domestic feed use, carry-out stocks are forecast to fall significantly.

The average off-Board feed barley price (No.1 CW, in-store Lethbridge) is forecast to increase by C$10/t from 2005-06. The CWB PRO for No. 1 CW feed barley for Pool A in 2006-07 is C$129/t, vs. C$127/t for Pool B in 2005- 06. The CWB PRO for SS2R malting barley is C$179/t vs. C$171/t for 2005-06, due to lower expected exportable supply in Australia and strong US import demand.

22 September, 2006