08:48, 16.01.2007 — Новости
автор: OilWorld.Ru

DJ Crop Week: CWB Malt Barley Prices Have Limited Upside (ENG)


SASKATOON (Dow Jones)--The Canadian Wheat Board's average price projections
for malt barley marketed during the 2006-07 (August-July) crop year are
unlikely to see much more of an increase over the next few months, as tight
feed grain supplies will likely keep producers from delivering their barley to
the board, a CWB analyst said Friday at the annual Crop Production Week in
Saskatoon.

  CWB market analyst Jason Newton pointed out a number of international market
factors that have supported barley prices during the current crop year, with
Australian drought problems the primary driver in the market.

  While Canada had more malt barley to market this year due to a better quality
crop, the CWB is already heavily sold on malt barley and will need to increase
its selection in order to take further advantage of the continued strength in
the international markets, said Newton.

  That being said, Newton placed Canadian malt barley exports in 2006-07 at
about 1.25 million metric tons, from roughly 800,000 tons the previous year.
However, internationally, the trade in malt barley should be down slightly, as
high prices have caused some end users to look at other options.

  Newton added that high North American feed grain prices, driven in part by
the U.S. corn market, would keep more feed barley in the domestic market
instead of being exported by the CWB.


  

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