Theoretical malt prices crop 2004. 12/11/2004

EURO = USD 1.2906 November 12, 2004
Crop year		2004
Parity		FOB Antwerp
Position		Nov 2004-Sept 2005
Conditioning		Bulk		In bags		Bulk containers		Bags, containers
Malting barley variety		EURO	USD	EURO	USD	EURO	USD	EURO	USD
2RS	Scarlett	240.00	309.50	255.00	329.00	251.50	324.50	261.00	336.50
2RS	Prestige	237.50	306.50	252.50	326.00	249.00	321.00	258.50	333.50
2RS	Cellar	238.00	307.00	253.00	326.50	249.50	322.00	259.00	334.50
2RS	Aspen	236.50	305.50	252.00	325.00	248.50	320.50	257.50	332.50
2RS	Optic	236.50	305.50	252.00	325.00	248.50	320.50	257.50	332.50
2RS	Astoria	236.00	304.50	251.50	324.50	247.50	319.50	257.00	332.00
2RS	Cork	236.00	304.50	251.50	324.50	247.50	319.50	257.00	332.00
2RS	Average price	237.50	306.50	252.50	326.00	249.00	321.50	258.50	333.50
2RS	FAQ	235.00	303.00	250.00	322.50	246.50	318.00	256.00	330.50
6RW	Esterel	226.50	292.00	241.50	311.50	238.00	307.00	247.50	319.00
*	Asia Malt 70/30	234.00	302.00	249.50	321.50	245.50	317.00	255.00	329.50
**	Asia Malt 50/50	232.00	299.00	247.00	318.50	243.50	314.00	253.00	326.50

* - 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