International malt business has been dull in December and January. EU sales to the Western Hemisphere become more and more difficult because of the firm EUR vis-а-vis the U.S. Dollar. A number of businesses were done in Mercosur, at prices of US $ 375-380 ex works Brazil. Mercosur and Chilean malt is not subject to any import tax, and by now the malting industries there are more or less sold out. Canadian malt, which had sold at US $ 320 CFR Brazil last year, is somewhat more expensive now, but still very competitive against European produce.
11 February, 2004
