Drought in Aust. What does it do to Barley?

[TOM4CWB]

Charlie,

Mallee sent some interesting info:

International malt barley prices either must come up... or are higher than reported: Because the ABB are quoting their new season pool at
around $154/tA.

So, either ABB are not telling growers what international malt barley values really are, or
they have to sell malt barely into the $200/tA domestic feed market.

In fact with endusers being asked to pay $200/t for feed
barley, how can ABB even run a malt pool at all if the
international market is only going to return growers $154/t?

What will this do to Canadian barley prices?

Now drought is being forcasted for western Canada next year... should we sell at below the cost of production... at $90/tCDN for feed?

[malleefarmer]

Tom barley has at least another $30 plus to be added on to the enduser price.
Temps yesterday were 29 with hot wind and only very small amounts of rain forecast for this week 3 to 8mm of 4 tenths of an inch then 2 weeks of dry ive never seen it like this in my 22 years of farming and its aust wide