Australia: Feed barley back at AU$240, malting barley unchanged at AU$345

The continuing drought reduces the confidence in production and the trade of grain. Despite some small tonnages committed during the year, forward sales of grain have been minimal this year, the Australian Weekly Times published on October, 8.

According to market participants, new crop feed barley prices were back AU$10 last week to AU$240 delivered port.

The declining production of malting barley has left malting barley prices unchanged at AU$345 port.

Old crop feed barley prices were also down AU$35 to AU$310 delivered Melbourne. Traders say that little volume is trading and growers are cleaning up stocks ahead of the harvest.

15 October, 2008