EU CROPS AND MARKETS: In the period of May 21 - June 3 shippers booked 292,000 tons of export licences at zero restitution, i.e. for malting barley destinations. Brazil was the largest buyer lately with min. 100,000 tons. Other destinations were Romania, Russia and Turkey in Europe, Colombia and Peru in South America, Canada, USA, possibly China and South Africa against contracts concluded some time ago. ‘Zero’ certificates booked are 1.5 Mill. tons now, we expect total malting barley exports of crop 2002 of 1.8 Mill. tons.

02 July, 2003