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The Irish Grain Growers Group says €210/t is needed for malting barley to match winter wheat profitability. It criticizes the link to the FOB Creil malting barley price and expects Irish spring barley area to rise, while Boortmalt's Athy plant expansion will need about 50,000t more malting barley.
Expected expansion in Irish spring barley area and rising malting demand could shift local barley balances, though this is a malting-specific price call.
rural.struttandparker.comFeb 3, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
