The IFA and Boortmalt have agreed a price package for malting barley growers this season.
An offer of €195/t for 20% of contracted tonnage, made available to growers from Wednesday morning, was the final piece of the jigsaw. It replaced an existing offer of €188.
Almost all growers have already taken up a €230/t offer on 20% of their tonnage. This gives an average price of €212.50 for the first 40% of contracted tonnage, a good start in what is currently a difficult grain market.
The price of the remaining 60% will be determined by the average FOB Creil price, taken on a weekly basis for 24 weeks from the beginning of April until September.
Other elements of the deal are:
There will be a €10/t bonus for low-protein distilling barley, with the cut-off point yet to be determined.High-protein barley between 10.8% and 11.8% will be accepted this year for brewing, but at a €10/t discount.Farmers have two weeks to sign their contracts.
The IFA and Boortmalt have agreed a price package for malting barley growers this season.
An offer of €195/t for 20% of contracted tonnage, made available to growers from Wednesday morning, was the final piece of the jigsaw. It replaced an existing offer of €188.
Almost all growers have already taken up a €230/t offer on 20% of their tonnage. This gives an average price of €212.50 for the first 40% of contracted tonnage, a good start in what is currently a difficult grain market.
The price of the remaining 60% will be determined by the average FOB Creil price, taken on a weekly basis for 24 weeks from the beginning of April until September.
Other elements of the deal are:
There will be a €10/t bonus for low-protein distilling barley, with the cut-off point yet to be determined.High-protein barley between 10.8% and 11.8% will be accepted this year for brewing, but at a €10/t discount.Farmers have two weeks to sign their contracts. 
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