Theoretical malt prices crop 2003. 19/05/2004

EURO = USD 1.1949 May 19, 2004
Crop year		2003
Parity		FOB Antwerp
Position		May 2004-Sept 2004
Conditioning		Bulk		In bags		Bulk containers		In bags in containers
Malting barley variety		EURO	USD	EURO	USD	EURO	USD	EURO	USD
2RS	Scarlett	254.50	304.00	269.50	322.00	266.00	317.50	275.50	329.00
2RS	Prestige	253.50	302.50	268.50	320.50	264.50	316.50	274.50	327.50
2RS	Aspen	252.00	301.00	267.00	319.00	263.50	315.00	273.00	326.50
2RS	Optic	252.00	301.00	267.00	319.00	263.50	315.00	273.00	326.50
2RS	Astoria	250.50	299.50	266.00	317.50	262.50	313.50	272.00	324.50
2RS	Cork	250.50	299.50	266.00	317.50	262.50	313.50	272.00	324.50
2RS	Average price	252.50	301.50	267.50	319.50	264.00	315.50	273.50	327.00
2RS	FAQ	249.50	298.00	264.50	316.50	261.00	312.00	270.50	323.50
6RW	Esterel	244.50	292.50	259.50	310.50	256.00	306.00	265.50	317.50
*	Asia Malt 70/30	250.00	299.00	265.50	317.00	261.50	312.50	271.00	324.00
**	Asia Malt 50/50	248.50	297.00	263.50	315.00	260.00	310.50	269.50	322.00

* - 70/30 = 70% Average two Rows Spring and 30% Six Rows Winter
** - 50/50 = 50% Average two Rows Spring and 50% Six Rows Winter
       nq - Not quoted

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