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 ABB opens No.2 malting barley pool 

ABB opens No.2 malting barley pool

16 Jan, 2009 01:44 PM
ABB Grain today opened its national No.2 malting barley pool.

ABB’s pooled grain business unit manager Anthony Fitzgerald said this second pool offered another grain marketing alternative for growers to consider.

The estimated return for the premium varieties Baudin, Gairdner and Buloke will be $210-$220/tonne FOB with Flagship at $215-$225/t.

The traditional varieties of Schooner, Sloop, Fitzroy, and Grimmett, have an estimated return of $200-210/t FOB.

Segregations such as malt 2, malt 3, and no retention will be available.

For full details of grade spreads, visit ABB’s website www.abb.com.au

ABB offers three pool payment alternatives for its barley (malt and feed), wheat and canola pools.

The traditional harvest payment, for barley, is 60pc of the FOB estimate less 100pc of estimated costs.

The other alternatives are quarterly distributions, which will have deducted 100pc of costs incurred to the time of each distribution, and a single payment alternative paid at pool finalisation (less costs incurred during the life of the pool).

ABB closed its No.1 malting pool on December 31 last year.

* More information: ABB Grain Accumulation Manager in your region or ABB’s Service Centre: 1800 018 205.

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