The IFA and Boortmalt have agreed a price package for the coming season.
The final piece of the jigsaw is an offer of €195/t for 20% of contracted tonnage which will be available to growers tomorrow. This supercedes the existing offer of €188/t which was due to expire at the close of business this evening.
Almost all growers have already sold 20% of their contract for €230/t last year. 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 every week from the beginning of April (next week) until September, a 24-week period.
Penalties
Boortmalt previously stated that growers who sell forward will not suffer penalties if their barley fails the stringent quality tests for malt barley at harvest.
A member of the committee said: "If growers sign their contracts and present their barley to their intake point, they will not suffer penalties."
Other elements of the deal are as follows:
There will be a €10/t bonus for low-protein distilling barley. The cut-off point to be determined at a later point. 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.
Read more
'Farmers do not feel part of the brewing and distilling success story'
Farmers must insist on Irish grain in feed rations – IFA
The IFA and Boortmalt have agreed a price package for the coming season.
The final piece of the jigsaw is an offer of €195/t for 20% of contracted tonnage which will be available to growers tomorrow. This supercedes the existing offer of €188/t which was due to expire at the close of business this evening.
Almost all growers have already sold 20% of their contract for €230/t last year. 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 every week from the beginning of April (next week) until September, a 24-week period.
Penalties
Boortmalt previously stated that growers who sell forward will not suffer penalties if their barley fails the stringent quality tests for malt barley at harvest.
A member of the committee said: "If growers sign their contracts and present their barley to their intake point, they will not suffer penalties."
Other elements of the deal are as follows:
There will be a €10/t bonus for low-protein distilling barley. The cut-off point to be determined at a later point. 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. Read more
'Farmers do not feel part of the brewing and distilling success story'
Farmers must insist on Irish grain in feed rations – IFA
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