French barley crop accomplishes malting quality and futures set a positive outlook for malsters
Barley
Market & Price Trends
Caio Alves
Published Jul 23, 2020
Through crop analysis due to the wide range of weather experienced in France this seeding/maturing season period had good results after all, raising the potential selection rate for malting quality, even higher than expected. Proteins for Winter Barley are presenting 10-11% range, indicating the severe dry weather and warm temperature between weeks 14 and 19 have not solidly impacted on any increase, initially resuming into qualified beer manufacturing inputs, pushing prices down by 2 euros. Shipments from Oct to Dec this year at FOB Rouen terms are pointing out $ 219/mt according to analysts.
Illustrating the changes in trade flows triggered by the China-Australia tariff imbroglio, shipments from Argentina remains possible to the Chinese malting industry as competitiveness with Blacksea market had proven positive. A cargo from Argentina to China had been reported recently. Prices remain steady at FOB terms $215/mt. Autralian prices indicated $200/mt average as it is still looking to take a grasp on market to outflow its product and to remain competitive.
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