Canada: CWB announces interim payments for the 2005-06 crop year

The CWB announced November 24 interim payments will be made on feed barley delivered into the 2005 - 06 Pool B.

The interim payment is derived from proceeds on grain in Pool B, which runs from February 1 to July 31. The interim payments for feed barley Pool B are $/t 46 and, for designated barley, $/t 5 (figures in CA$).

The table below shows the initial payment in effect at the end of the 2005-06 crop year, the interim payment and the total to date, basis in-store Vancouver or St. Lawrence, for base grades of barley.

The CWB is investigating the possibilities for combining this interim with the upcoming final payment, with expectations that a combined cheque or direct deposit would go out to farmers on December 15, 2006. A further announcement will be made on this subject.

No. 1 CW Barley (Pool B)
Initial Payment: $72.00
Interim Payment: $46.00
Total payment to date: $118.00

SS CW Two-row barley
Initial Payment: $162.00
Interim Payment: $5.00
Total payment to date: $167.00

SS CW Six-row barley
Initial Payment: $149.00
Interim Payment: $5.00
Total payment to date: $154.00

Controlled by western Canadian farmers, the CWB is the largest wheat and barley marketer in the world. As one of Canada’s biggest exporters, the Winnipeg-based organization sells grain to more than 70 countries and returns all sales revenue, less the costs of marketing, to Prairie farmers.

29 November, 2006