Theoretical malt prices crop 2003. 25/02/2004

EURO = USD 1.2688 February 25, 2004
Crop year		2003
Parity		FOB Antwerp
Position		Feb 2004-Sept 2004
Conditioning		Bulk		In bags		Bulk containers		In bags in containers
Malting barley variety		EURO	USD	EURO	USD	EURO	USD	EURO	USD
2RS	Scarlett	263,00	333,50	278,00	353,00	274,50	348,50	284,00	360,50
2RS	Prestige/Cellar	261,50	332,00	277,00	351,50	273,50	346,50	283,00	358,50
2RS	Aspen	260,50	330,50	275,50	349,50	272,00	345,00	281,50	357,50
2RS	Optic	260,50	330,50	275,50	349,50	272,00	345,00	281,50	357,50
2RS	Astoria	259,50	329,00	274,50	348,00	271,00	343,50	280,50	355,50
2RS	Cork	259,50	329,00	274,50	348,00	271,00	343,50	280,50	355,50
2RS	Average price	261,00	331,00	276,00	350,50	272,50	345,50	282,00	358,00
2RS	FAQ	258,00	327,50	273,50	346,50	269,50	342,00	279,00	354,00
6RW	Esterel	nq	nq	nq	nq	nq	nq	nq	nq
*	Asia Malt 70/30	nq	nq	nq	nq	nq	nq	nq	nq
**	Asia Malt 50/50	nq	nq	nq	nq	nq	nq	nq	nq

* - 70/30 = 70% Average two Rows Spring and 30% Six Rows Winter
** - 50/50 = 50% Average two Rows Spring and 50% Six Rows Winter
       nq - Not quoted