Theoretical malt prices crop 2003. 09/07/2004

EURO = USD 1.2394 July 09, 2004
Crop year		2003
Parity		FOB Antwerp
Position		July 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	249.50	309.50	265.00	328.00	261.50	323.50	270.50	335.50
2RS	Prestige	247.50	306.50	262.50	325.00	258.50	320.50	268.50	332.50
2RS	Aspen	246.50	305.50	261.50	324.50	258.00	320.00	267.50	331.50
2RS	Optic	246.50	305.50	261.50	324.50	258.00	320.00	267.50	331.50
2RS	Astoria	246.00	305.00	261.00	323.50	257.50	319.00	267.00	331.00
2RS	Cork	246.00	305.00	261.00	323.50	257.50	319.00	267.00	331.00
2RS	Average price	247.50	306.50	262.50	325.00	258.50	320.50	268.50	332.50
2RS	FAQ	244.50	303.50	260.00	322.00	256.50	317.50	266.00	329.50
6RW	Esterel	240.00	297.50	255.00	316.00	251.50	311.50	261.00	323.50
*	Asia Malt 70/30	245.00	303.50	260.00	322.50	256.50	318.00	266.00	329.50
**	Asia Malt 50/50	243.50	301.50	258.50	320.50	255.00	316.00	264.50	328.00

* - 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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