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The IFA says talks on the 2017 Irish malting barley contract are ongoing, with the pricing model linked to MATIF milling wheat futures rather than local feed barley prices. Diageo is sourcing all of its malt and barley on the island of Ireland.
Malting prices tied to MATIF wheat rather than feed barley have little direct effect on feed grain prices, so the impact on feed markets is limited.
ifa.ieMar 2, 2017Not 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.
