Australia: AWB hoping to wind up 2012-13 barley pools by July

AWB hopes to wind up its 2012-13 barley pools by July to take advantage of current good prices.

The company said it expected prices to decline in the second half of the year as the northern hemisphere crop comes on to the market, Weekly Times Now reported on May, 8.

AWB said barley prices were holding up on the east coast of Australia but the company left estimated pool returns unchanged today.

AWB manager Richard Williams said the EPRs for South Australian barley have dropped A$5 a tonne due to limited domestic demand and limited export capacity holders.

“We continue to sell remaining volumes mainly into Asia and domestically in Victoria as barley is being used in feed rations at the expense of stronger domestic wheat prices,” Mr Williams said.

The Victorian EPR for Hindmarsh barley was left at A$284 a tonne, FOB, while the return for Feed 1 grade was estimated at A$281 a tonne.

The SA EPR for Feed 1 barley was reduced to A$276 a tonne, FOB.

08 May, 2013