E-Malt.com News article: 2013

Australia: ABB Grain ltd (ABB) closed its 2003-04 season No.2 Pool in Victoria for feed barley varieties and for sloop varieties, schooner, dhow and arapiles malting and feed barley, on December 31, Counry News reported on January 5. ABB managing director Michael Iwaniw said the pool closures would signal the winding down of the 2003-04 harvest period. "Barley harvesting is all but finished in most areas of Victoria," Mr Iwaniw said. "However, as the late harvesting districts of the state may be reaping well into the new year, the Gairdner and Franklin malting barley pools will remain open for direct deliveries to selected sites only."

Australian agri-food business GrainCorp Limited has announced the opening of its No.2 Pools following the closure of its No.1 feed barley, malting barley and canola pools. The closure affects the following pools: NSW: Feed barley, malting barley and canola. Victoria: Canola. The canola and barley pools have been closed as harvest is now drawing to a close in most areas and to protect the interests of participants. The pool closures took effect from 5 pm on Wednesday, December 31, 2003. GrainCorp opened No.2 Pools for canola, feed barley and malting barley in NSW and Victoria effective from January 1. GrainCorp Pools received tremendous support from growers this harvest. Pool manager Simon Varley said GrainCorp canola and barley pools had remained competitive throughout the season providing a solid benchmark for prices, particularly through the harvest period. Mr Varley said an active pre-harvest sales and hedging strategy had helped bolster pool returns. He was optimistic that solid demand would continue over the longer term to underpin pool returns for Australian barley and canola. GrainCorp's Wheat Pools remain open in all States.


06 January, 2004