Will start with my standard question - is anyone getting any quotes on the CWB malt barley cash plus program.
From today's emalt.
begin quote
" EU: Malting barley supply to be tight even if harvest results turn out better than expected
Total malting barley surplus in 2011/12 is forecast to reach 1.9 mln tonnes whereas import needs are expected to amount to 2.5 mln tonnes, an analysts’ note said earlier this month.
Of the main malting barley producing nations in the EU, France may have 500 thousand tonnes available for export next year (though some analysts make even less optimistic forecasts), Denmark 900 thousand tonnes, Sweden 250 thousand, Spain and Southeast Europe may export 100 thousand tonnes each. The UK and Ireland are expected to have an equal S/D balance, analysts said.
Belgium is forecast to import 950 thousand tonnes of malting barley in 2011/12, Germany 900 thousand tonnes and the Netherlands 300 thousand. The Mediterranean nations may need 200 thousand tonnes and Poland 150 thousand, it is forecast.
Even allowing for any errors or a good finish of the harvest season, it looks like a dangerous supply situation for the European malting and brewing industry, analysts said."
end quote
From today's emalt.
begin quote
" EU: Malting barley supply to be tight even if harvest results turn out better than expected
Total malting barley surplus in 2011/12 is forecast to reach 1.9 mln tonnes whereas import needs are expected to amount to 2.5 mln tonnes, an analysts’ note said earlier this month.
Of the main malting barley producing nations in the EU, France may have 500 thousand tonnes available for export next year (though some analysts make even less optimistic forecasts), Denmark 900 thousand tonnes, Sweden 250 thousand, Spain and Southeast Europe may export 100 thousand tonnes each. The UK and Ireland are expected to have an equal S/D balance, analysts said.
Belgium is forecast to import 950 thousand tonnes of malting barley in 2011/12, Germany 900 thousand tonnes and the Netherlands 300 thousand. The Mediterranean nations may need 200 thousand tonnes and Poland 150 thousand, it is forecast.
Even allowing for any errors or a good finish of the harvest season, it looks like a dangerous supply situation for the European malting and brewing industry, analysts said."
end quote
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